You may want to consider locking in the interest rate on the loan that you will be securing when you buy your next
When you go to the lender to secure a loan for your Northeast Fl condo or home, it is a good idea to consider locking in the interest rate. This will ensure that you will have the same rate when you are ready for the loan. A lock-in given at the application time is useful because it can often take the lender weeks to prepare the loan for application. Lock-ins are especially helpful if interest rates are expected to go up within the next 30 to 60 days. Most rates are available for lock-in for 30 to 60 days. Some lenders require you to pay a lock-in fee. Be sure to examine all of the terms before you agree to anything.
To locate your next Northeast Florida home or condo and the best interest rate and terms for that Florida real estate purchase, call James Angelo, licensed Florida Broker Associate and Mortgage Broker.
