What Is A Rate Lock And How Do I Get One

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• Publié par: garydavidwilliams
• Publié le: 21 mars 2017
• Nombre de lectures: 0
• Langue: English

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Serving one’s country is a selfless act, performed by men
and women who face danger and tough decisions. Purchasing a home should not be complicated. Understanding
interest rates and locking in those rates can save buyers
thousands of dollars over the term of the loan.WHAT IS A RATE LOCK?When purchasing a home, outside of the purchase price
buyers can save on their monthly mortgage payment by
locking in low rates.Interest rates can mean the difference between spending
thousands of dollars in payments to the lender.Veterans work hard for their money
and taking advantage of low-interest
rates helps them keep more money
in their pockets.The market is ever fluctuating and as it changes the interest
rates go up and down. Many potential home buyers find the
perfect home……have their offer accepted and then start the lengthy
process of heading to closing. During this time, rates
may change.