Financing in Elk Grove Village : Real Estate Advice

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Shane Milne, Real Estate Pro in South Jordan, UT
Shane Milne answered:
Are there new rules in place that prevent a bank/broker to re-lock a rate at a lower level as the interest rate continue to fall?
The only regulation would be the lender's lock-in policy - after you lock in, if rates improve, some allow you to float-down your interest rate and some do not. Those that do allo ... more
0 votes Share Flag Thu Sep 22, 2011 Financing in 60007
Dp2, Other/Just Looking in Virginia
Dp2 answered:
I have a contract on my property for sale. The buyer is completely qualified and all was well until we found out the assoication has a large amount
You might consider selling with seller financing with a 1-2 year balloon.
0 votes Share Flag Wed Mar 17, 2010 Financing in Elk Grove Village
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