Signed rate lock agreement but now I want out.I signed a rate lock agreement set to expire on January 5, 2009. The original request was for a conventional refinance but the appraisal came back $15,000 less than expected so it did not work out. The broker switched me to an FHA loan which I do not want. He is telling me I will have to pay his company $2350 (1% of orig. loan amt) if I do not close before December 31, 2008. What are my options?December 26 2008 - Southwest00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.