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want2beamom
Love my boys soooo much!!!
Member since 8/06 10164 total posts
Name:
True love doesn't end with happily ever after...
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Locking in rates
What needs to happen for you to be able to lock in to a mortgage rate. The rates are pretty good now. We have the engineer looking at the house today, and if all goes well, hopefully the house will be ours But when can you lock in to a rate? Thanks!
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Posted 9/17/08 9:51 AM  |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Locking in rates
Most banks won't lock a rate in until you have a fully executed and signed contract from both sides.
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| Posted 9/17/08 10:50 AM |
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want2beamom
Love my boys soooo much!!!
Member since 8/06 10164 total posts
Name:
True love doesn't end with happily ever after...
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Re: Locking in rates
Posted by ave1024
Most banks won't lock a rate in until you have a fully executed and signed contract from both sides.
sorry to sound naive, but when does that happen?
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| Posted 9/17/08 10:55 AM |
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seeinstarz
LIF Toddler
Member since 1/08 382 total posts
Name:
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Re: Locking in rates
Our bank allowed us to lock before we sent them the contract but it had to be dated the day of the lock to be valid...Full contract is when both the seller and the buyer have agreed to and signed the contract..
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| Posted 9/17/08 2:00 PM |
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