Posted on: 21st May, 2011 11:59 am
how long can i lock in a certian rate untill it expires for a refinance? the loan people say when it expires it would go up a 1/4 of a percent?
Hi adayspa!
Welcome to forums!
The rate lock period will be told to you by your lender. Normally, there is a 30 days rate lock period. Once the rate lock period expires, you'll have to go for the rate as available in the market.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The rate lock period will be told to you by your lender. Normally, there is a 30 days rate lock period. Once the rate lock period expires, you'll have to go for the rate as available in the market.
Feel free to ask if you've further queries.
Sussane