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Lender won't lock rate reddit

NettetMy rate is based on 3.5% 30-year FNMA and if I switch to another lender can immediately get a 3.875% rate today if I lock in with them. As a result of the 0.25% decrease, the … NettetOP has posted a screenshot of an approved application for a loan but OP has not actually accepted the loan or initiated a position with said loan.Since we are caring, nurturing …

Extended lock on mortgage rates : r/RealEstate - Reddit

Nettet31. mar. 2024 · My lender hasn’t said that we need to get to a certain state to lock the rate, but has alluded to the fact that it will take months to close several times. My … NettetBuilder came back to me telling to stick with their lender and they gave me a rate of 5.25% and 0$ in closing costs. I did the math and it was beneficial for me so I went with the … st lucy catholic church fowler ca https://noagendaphotography.com

Purchase Mortgage Rate Drop After Lock : personalfinance - Reddit

NettetSo if you're going to decide on lender purely on rate, you'll need to ask what the longest lock period the different lenders you talk to offer and wait for a quote until their offer … NettetRates are so low right now that lenders are overwhelmed with custom terms wanting a loan — it matters very little to them if the commission is from your loan or the loan right … Nettet10. feb. 2024 · A mortgage rate lockincludes the annual interest rate, fees, and monthly payment plan. For instance, you might lock in 6.5% for a 30-year fixed-rate mortgage … st lucy caregiving services

Mortgage rate lock - Lender is not happy about it - Reddit

Category:When do you lock rates for mortgage? : r/RealEstate - Reddit

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Lender won't lock rate reddit

I have a rate lock till August 17. Builder told me today that ... - Reddit

NettetWe originally started with one lender (pre-approved, locked in rate at 2.99%). The loan officer was open to us shopping around for a better rate, so we shopped around while … NettetYou are pre-qualified for $500,000!" And they go out shopping for that amount. They get an accepted offer, get working on the purchase and they are only approved for $150,000. …

Lender won't lock rate reddit

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NettetI managed to lock in a great rate in October at 3.15%. Around January, the builder reached out to me saying that they were behind schedule, and the completion date was … NettetYou can't lock in a rate for 5 months from now. maybe you can get a 90 day lock but you'll have to pay to do it. jermbob90 • 3 yr. ago. My lender has an option to lock now with a …

NettetBuilders lender won’t allow me to change lenders I had to switch loan program and in effect I have to put down waaay more money than anticipated. I found a new lender … NettetAnd 30 days out if rates drop, switch lenders. If you lock 6.125% and rates drop to 4.75%, there’s no way they will let you float down to 4.75%, you’d be lucky to get …

NettetA locked rate makes the lender obligated to charge an agreed upon interest rate. Ideally, you want to lock a rate when its low; that way you won't pay a higher rate in the … NettetMy mortgage lender was not bashful about mentioning the rate lock option, and also extending that lock as needed. I bought new construction and my closing was delayed …

NettetWe agreed to purchase the fee with leasehold so it would be fee simple. The problem is it took two weeks to get the fee contract from the seller and in that time the rates …

st lucy catholic church hodge laNettetRetail lenders (non builder) will tell you that the builder is trying to rip you off and that they can get you a way better deal and that the incentives are a gimmick. They will be able … st lucy bunsNettetToday you can get a rate of 2.875% at no points (point = %) but since you didn't lock in today, if you wanted the 2.875% rate, you'd have to go back to the lenders pricing … st lucy catholic church middlefield ohio