I could have sold mine several times but FHA and other mortgage lenders' requirements for comparables have made it impossible. One lender said if others in the area sell (which there are 4 within 1 mile of mine but none are up for sale), I would have a better chance. But if they won't loan on mine, why would they on anyone elses? I have been trying to sell for over 3 years now and this is making it boil down to cash only!... more
Talk to your lender and ask why they are charging you to relock your rate. Since they are the ones holding up your mortgage maybe you can negotiate with them. More than likely you are paying them points and on the date you locked in you would have had choices of what your interest rate would be based on what discount points you decided to pay.You should still have those options.
You're seated in the position of power to negotiate so talk to your lender's representative and do the math on a mortgage calculator, which you can find on my website: http://www.exittogreenrealty.com