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Mortgage Rates Have Dropped And...
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Mortgage Rates Have Dropped And...
...I'm locked in at a higher rate. Is there anything I can do to lower it?
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Posted 12/12/06 10:07 AM  |
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MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
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Re: Mortgage Rates Have Dropped And...
I think you'd have to wait until your rate expires - and then you won't know where the rate will be. Or you can try going to another bank and lose your rate lock deposit with the bank you currently are locked in with.
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| Posted 12/12/06 10:12 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Mortgage Rates Have Dropped And...
Posted by MikesWife
I think you'd have to wait until your rate expires - and then you won't know where the rate will be. Or you can try going to another bank and lose your rate lock deposit with the bank you currently are locked in with.
yep - either wait until it expires, or I would call your bank and say that you are going to eat the deposit and go elsewhere where you can get a lower rate. My guess would be that they would lower your rate rather than lose a customer.
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| Posted 12/12/06 10:27 AM |
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Eleanor
LIF Adult
Member since 2/06 2223 total posts
Name:
Ellie
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Re: Mortgage Rates Have Dropped And...
do you have a float in your application? If you do then you should be able to lock at the lower rate. but most banks only offer one. (I wonder if this is a perk with going through the bank itself and not a broker)
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| Posted 12/12/06 11:22 AM |
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