This is Topic: Guide to Mortgage Lock-Ins
Following are the News Items published under this Topic.
Topic name: Guide to Mortgage Lock-Ins
|
Real Estate : The Cost of Your Mortgage Loan |
| Posted
on Monday, November 15, 2004 - 11:02 AM PST |
When shopping for a mortgage, the lender may give you a quote for the mortgage interest rate and points (additional fees charged by the lender usually paid at closing by the borrower). These only represent terms available at the time of the quote. They may not be available by the closing date (which may be weeks or months in the future). To ensure the rate and points are the same at closing as they are when quoted, you'll need to lock-in the interest rate (also known as a rate lock or rate commitment). [read more]
Note: <-- Sponsored by aDiscountRealty.com --> |
|
| |
|
|
Ask About Lock-Ins |
| Posted
on Wednesday, August 11, 2004 - 07:18 PM PST |
When you're ready to settle on your loan, you'll want to get the loan terms that you've locked in. To increase that likelihood, it is important to learn as much as you can about what the lender is promising you before you apply for a loan. Ask for the following information when you shop for a loan: [read more]
|
|
| |
|
|
All About Lock-Ins |
| Posted
on Wednesday, August 11, 2004 - 07:15 PM PST |
|
In most cases, the terms you are quoted when you shop among lenders only represent the terms available to borrowers settling their loan agreement at the time of the quote. The quoted terms may not be the terms available to you at settlement weeks or even months later. Therefore, you should not rely on the terms quoted to you when shopping for a loan unless a lender is willing to offer a lock-in. [read more]
|
|
| |
|
|
Introduction to Mortgage Lock-Ins |
| Posted
on Wednesday, August 11, 2004 - 07:13 PM PST |
The Federal Reserve Board and the Office of Thrift Supervision prepared this booklet on mortgage lock-ins in response to a request from the House Committee on Banking, Finance and Urban Affairs and in consultation with many other agencies and trade and consumer groups. It is designed to help consumers understand an important aspect of home financing.
|
|
| |
|
|
|
|
