Answers (5)
- Chris Corica, "Chris Corica"
- Contributions:1093
Michael - there are banks that offer six month locks. You should educate yourself before putting someone down for asking a simple question. Stick to selling houses and let the professionals answer the financing question's.
- James Ryan, "GreatRateFolks"
- Contributions:1251
Srindhar, there are MANY lenders, in fact, technically, any FNMA or Freddie lender has the ability to offer a 6 month lock, and almost all have it available on their daily rate sheets. I just looked at a top 5 lender's rate sheet, a 6 month lock costs 1.25% non-refundable, and a ONE YEAR lock costs 2.375%. Your question, and a long term lock, are decidedly not insane questions. Hope that helps you! Jim
- real estate mike
- Contributions:2001
you already know lenders? You should as an agent. and they already told you no, right? If you find a six month lock I'll be impressed and shocked.
- Sridhar Vemuru, "Sridhar"
- Contributions:10
Why is it insane?
- real estate mike
- Contributions:2001
that's insane..
Is there a lender who is giving a six month rate lock?
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