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Lock the rate or wait
senmmail
Contributions: 17
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I will have to choose the builder's mortgage company to get the incentives (18K) but paying 1% origination fee on a 360K mortgage and putting 10% down. Since the rates are lower these days I am in a dilemma to do a 60 days lock with an extra 0.125 or wait to do the 30 days lock.
I was planning to do the closing by 3rd week of November to qualify for the first time home buyer tax credit though my apartment lease expires only in December.
Any advice is appreciated.
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