At first sight, it may seem that online editors are very similar, but you’ll realize that it’s not that way at all. Having a robust document management solution like DocHub, you can do much more than with traditional tools. What makes our editor unique is its ability not only to promptly Set stuff in Interest Rate Lock Agreement but also to create paperwork totally from scratch, just the way you want it!
In spite of its comprehensive editing capabilities, DocHub has a very easy-to-use interface that offers all the features you want at hand. Thus, adjusting a Interest Rate Lock Agreement or an entirely new document will take only a couple of moments.
Register for a free trial and enjoy your greatest-ever paperwork-related experience with DocHub!
- Im Sean Reynolds, the owner of Summit Properties Northwest and Reynolds and Kline Appraisal. And today I have with me Mr. Dan Chapman from Fairway Independent Mortgage, and were doing just a quick question-and-answer session on, we hear all the time, locking an interest rate. What does that mean? So Dan-- - Sure. - What does that mean? - When you lock your rate, youre locking in that rate for a specific period of time. And so, like I say, youre going to close your loan inside of 30 days, we would do a 30-day lock, and youre guaranteed no worse than that rate. - So youre locking in your interest rate for your mortgage? - Yep. - That youre going to be getting. - Yep, and youre guaranteed no worse than that rate. You can, actually, extend that lock, if you need to. So theres lock extensions. You can, actually, with the small possibility that your rate can improve, even though youve locked it in, but its no worse than that rate. - And so is there a cost to locking in a longe