Financing in Ohio>Question Details

Tiffany, Home Buyer in Holland, OH

I recently had an offer accepted in a new developement (and put quite a bit of good faith money down)

Asked by Tiffany, Holland, OH Mon Jun 16, 2008

but we won't technically close on the house until it's complete. I have watched the mortgage rates climb over a point in the last month and was wondering is there anyway to lock in a rate when I am still 2 months out from closing? Most of the loans I have seen you have to be within a month of close. (And if there are some companies out there that will let me lock in a rate early any advice on which ones?) We were pre-approved for our loan, but are still shopping for lenders.

0 votes Share Flag Financing in Ohio

Help the community by answering this question:

Answers

2
Tiffany,

The answer to your question is yes....you can lock a rate for an extended period of time:)

I'm available any time day or night to answer any mortgage related questions....you can shop "me" too!

tmuratore@alliedfirst.com

Thanks,

Tino Muratore
0 votes Thank Flag Link Mon Jun 16, 2008
Tiffany,

Most mortgage companies offer an extended lock program for situations such as your's. I would call your loan officer and ask about what they offer. If they don't have one find another company, these types of situations are very common as are extended locks. I hope that helps.

Cameron Piper
Web Reference: http://www.campiper.com
0 votes Thank Flag Link Mon Jun 16, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Home > Ohio > Financing in Ohio > Question
Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer