Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
We as loan officers are not in the business to lie or be unethical. It is actually impossble to be that way the way loans and loan officers are regulated through the NMLS. I do not lock the rate until I get the initial disclosures and supporting documents back form the borrower because I then know that they wish to do business with me and are not shopping around still. I never play the market and float a rate for a borrower but in the time frame you requested to lock the pricing got better so your rate should either not have changed or it should have gotten better and stated below from a fellow L/O.And to answer your question, there shoud be a lock agreement form in your application package that will disclose the rate you are lock in at.Good Luck I am sure everything will be fine!
Everyone's internal systems are different so it is hard to say how this guy gets confirmation of the rate lock being submitted. Did you get the rate/terms you agreed to lock in at? Understand nowadays the LO can not make more money based on what rate he provides so their was no direct benefit if he sat on the lock for a couple of hours. If he did and the market went the other way, he would answering questions as to why he did not honor the offer. If he did wait this time, he would have come back to you looking like a hero b/c he was able to get better terms. I would not get hung up on a piece of paper that is just you acknowledging that the rate is locked.
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $335,000
For Sale: $260,000
For Sale: $324,900