WHEN CAN I LOCK-IN MY INTEREST RATE?

Prior to securing an interest rate-lock for your home loan there are a few simple steps. You will need to supply income documentation and authorize accessing your credit history. If you are buying a home, you will need to provide evidence of your assets to be used for the down payment and closing costs. Your home loan professional will collect and analyze your data, and if it is determined that that your loan will be approved, you will be eligible to lock-in, protecting your interest rate from increasing, with a specific cost and expiration date.