Home > Trulia Voices Home > Alabama > Financing > Question

Trulia Voices—Alabama

Top Voices      Member Search BETA      Create a profile

Ask a question

Browse

Search

e.g.: "San Francisco, CA"
e.g.: "Parks" or "Schools"

Email me when:

RSS
 
Share this: 
  • del.icio.us
  • Digg
  • Reddit
  • StumbleUpon
  • NewsVine
 

If we get pre-qualified to lock in rate and the rate drops, can we get the cheaper rate before we buy? (I've

heard about something called a free floatdown). Thanks!
Wed Mar 5 2008, 13:32 - Alabama - Financing - 4 answers
 
Useful
(0)
 
 
Not useful
(0)
 
  report get email alerts email a friend
 
Shanna
Home Buyer
in Alabama
Shanna, Home Buyer in Alabama in Alabama
Answers (4)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Chad Edwards was FIRST TO ANSWER
We offer rate protection, I'm also located in Alabama. Please visit our site for help

Sat May 10 2008, 05:32
Web Reference: http://cgoode.apexleding.com
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
We offer that option. It is called rate protection. If rates fall after you lock you have the ability to lock at a lower rate. Please visit our site. We are licensed in Florida however our parent company can lend in all 50 states.

Wed Mar 5 2008, 19:15
Web Reference: http://www.northfloridamortgageservices.com
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
PHH mortgage also offers that "float down" option.

Wed Mar 5 2008, 18:46
 
Useful
(1)
 
 
Not useful
(0)
 
 
report
 
FIRST ANSWER
It may depend on who you are dealing with for your mortgage. I have heard Wells Fargo offer this feature to their customers, but each case may be different. Make sure to specifically inquire with your mortgage representative about this. Currently, rates are fluctuating quite a bit almost daily.

Wed Mar 5 2008, 18:23
 
Useful
(1)
 
 
Not useful
(0)
 
 
report
 
[+] Save this question Send this question to a friend
Permalink: http://www.trulia.com/voices/Financing/If_we_get_pre_qualified_to_lock_in_rate_and_the_r-24719--recent

Check out more Financing questions in Alabama...

Dan Therrell, Real Estate Pro in 36532
VA or conventional loan?
Answered Tue Mar 25 2008, 18:58 by Dan Therrell in Alabama
Read all 6 answers
John & Linda…, Real Estate Pro in 36526
CAN I GET A HOME LOAN WITH BAD CREDIT 500 CREDIT SCORE, EMAIL KEL040468@AOL.COM
Answered Sat Feb 23 2008, 14:03 by John & Linda Cramer in 35150
Read all 6 answers
Dan Therrell, Real Estate Pro in 36532
can i get a home loan with bad credit my credit score is 500 any suggestion please email me kel0404682AOL.COM
Answered Sat Feb 23 2008, 13:43 by Dan Therrell in Sylacauga
Read all 2 answers
Stacey A. Ma…, Real Estate Pro in Westfield
I am in the military and had to move for a period of six months for training. My house sat in TX without a
Answered Mon Jan 14 2008, 21:04 by Stacey A. Martin in Daleville
Read the answer
View more Financing questions and answers in Alabama >>