Residential Mortgage Interest Rate Lock Agreement Residential Mortgage Interest Rate Lock Agreement 2025

1. Click ‘Get Form’ to open the Residential Mortgage Interest Rate Lock Agreement in the editor.
2. Begin by entering the date at the top of the form. This is crucial for establishing the timeline of your interest rate lock.
3. Fill in the lender's name who is offering the lock-in agreement, along with the property address, city, state, and zip code.
4. Specify the interest rate you are locking in and include the lock date. Ensure accuracy as this affects your mortgage terms.
5. Indicate any interest rate lock fee. If there is no fee, write $0 or N/A.
6. Complete the lock-in expiration date and number of lock days. This defines how long your rate is secured.
7. Clarify whether your interest rate lock fee is refundable and describe any conditions related to refunds.
8. Detail any discount points or charges at closing, including credits you may receive.
9. Finally, ensure all borrowers sign and print their names along with dates to validate the agreement.

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