Rate Lock Calendar

Details

Locking in sets or "locks" the interest rate of your loan for a specific number of days. Once your lock is set, it's important for your loan to close within that period. Floating is the opposite of locking in and simply means your rate is not yet set and is "floating" with the market. All loans are locked in at some point prior to closing. Occasionally, post-close administration days must occur during the lock period. If applicable, we will typically make allowances for this internally, yet never hesitate to ask if further adjustment is required.

Would you like to know more? Click to learn about making the decision to lock or float and about any costs that may be associated with rate locks.