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Penny, Home Buyer in 10704

when is it a good time to lock a rate.?

Asked by Penny, 10704 Mon Aug 25, 2008

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With the way the stock market is going I would say right away. I don't think it's worth the gamble right now. Rates are good anyway.
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0 votes Thank Flag Link Mon Aug 25, 2008
The best rates are given on a 12-15 day lock. What does this mean? It means that you have already submitted your file with your lender. Your offer has been accepted and you send the lock form and close quickly. If you are buying an REO or a foreclosure you need to sign of on the contigencies before locking.

Adrian Huntington
adrianh@americanfinancialfunding.com
925-818-6694
Welcome Home Real Estate & Finance
Alamo, Ca 94507
0 votes Thank Flag Link Mon Aug 25, 2008
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