Handling paperwork like Interest Rate Lock Agreement may seem challenging, especially if you are working with this type for the first time. At times even a little modification may create a major headache when you don’t know how to work with the formatting and steer clear of making a mess out of the process. When tasked to tack record in Interest Rate Lock Agreement, you could always use an image editing software. Other people might choose a conventional text editor but get stuck when asked to re-format. With DocHub, though, handling a Interest Rate Lock Agreement is not more difficult than editing a file in any other format.
Try DocHub for quick and efficient document editing, regardless of the document format you have on your hands or the kind of document you need to revise. This software solution is online, accessible from any browser with a stable internet access. Modify your Interest Rate Lock Agreement right when you open it. We’ve designed the interface to ensure that even users without prior experience can easily do everything they require. Streamline your paperwork editing with a single sleek solution for any document type.
Dealing with different types of documents should not feel like rocket science. To optimize your document editing time, you need a swift solution like DocHub. Manage more with all our instruments at your fingertips.
- I'm 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 we're 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, you're locking in that rate for a specific period of time. And so, like I say, you're going to close your loan inside of 30 days, we would do a 30-day lock, and you're guaranteed no worse than that rate. - So you're locking in your interest rate for your mortgage? - Yep. - That you're going to be getting. - Yep, and you're guaranteed no worse than that rate. You can, actually, extend that lock, if you need to. So there's lock extensions. You can, actually, with the small possibility that your rate can improve, even though you've locked it in, but it's no worse than that rate. - And so is there a cost to locking in a long...