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Replies (3)
- Preston Garrison, "PrestonGarrison"
- Contributions:64
That really depends on the bank. However most banks are not set up to be that automated. However it is do-able.
I highly doubt there's a computer system that will automatically lock it for you. To me, locking needs to be done by humans to prevent error.
That doesn't mean the program is out there, or it will be like that in the future.
As of now, I have not heard of anything like that. And you'll probably need to depend on a human this time around.
That doesn't mean the program is out there, or it will be like that in the future.
As of now, I have not heard of anything like that. And you'll probably need to depend on a human this time around.
- Sean Ogilvie, "California Mortgage"
- Contributions:173
Talk with your loan officer at the bank and have a discussion with him or her about interest rates and when you should lock into your permanant loan. Ask them how much 4.5% on a 30 Yr Fixed would cost you right now ( a lot) to give you an idea, then ask them what is a reasonable rate is for today. Weigh your options and consider the risks that you are willnig to take. Good Luck!
90 Day lock on Intrest Rates...
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