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Financing in Novato : Real Estate Advice

  • All134
  • Local Info29
  • Home Buying33
  • Home Selling10
  • Market Conditions5

Activity 6
Tue Oct 14, 2014
The only time a rate lock can be pulled (if not expired) is if your loan didn't meet the Lender's Investor Guidelines. The would be the fault of your Loan Officer. When we lock a loan, there are risk levels or overlays the LO has to be mindful of. In my case, my pricing engine does all the work for me, but again it relies on the data I have input. Sounds like your LO was a rookie. I would strongly suggest you finds out EXACTLY what happened. This is why I always caution buyer to vet their Loan Officers wisely. It can make all the difference in the world. Like in your case. Let me know if you need assistance or a 2nd opinion.

I wish you the best of luck!
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0 votes 2 answers Share Flag
Sat Aug 16, 2014
Baldwin collins answered:
Hello, Kindly send an executive summary of funding you need to email: collins_baldwin@yahoo . com for further processing
Baldwin Collins
FHA certified lenders
0 votes 7 answers Share Flag
Tue May 27, 2014
James Hwang answered:
That all depends on what type of loan you got when you bought the place. Typically on a new purchase, there is a 2 year prepayment penalty if you were to sell or refinance the current existing mortgage loan. I've seen none before so it all comes down to the lender and what type of loan program you got into but majority of the time on a purchase, there is a 2 years window where you if you change the loan term it will effect it due to the prepayment penalty for getting out of the existing loan before the first 2 years.

Hope this was helpful. Good luck with everything.
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Tue May 27, 2014
irv Steinman answered:
Your question is open ended as I would need to know what price range so I can direct you to the best lender for your needs
0 votes 4 answers Share Flag
Tue Jul 8, 2008
Dr Mortgage answered:
Patrick, we offer 5-7-10 yr with IO options. We lend in 50 states I have an office in Novato would be happy to help, Bruce
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