I have had several contracts, great appraisals but my problem is the lenders. Only one Mortgage Co. (mine) will finance and has to be conventional. So my buyers aren't able to purchase due to not able to put 20% down.... 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