Asked by Akin, Omaha, NE • Mon Jun 2, 2008
I am working with a mortgage broker to refi a residential investment property. I talked to the company, they ran my credit score, gave me a rate. I asked for the paperwork, and it took me 2 days fax everything, the w2s, bank and ira statements, etc. Now he says that his investor upped the rates. Can he do that? What is the purpose of a lock -in if the investor can back out any time??
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