Step 4
Lock Your Rate

Q: Step 4 Lock Your Rate

[fusion_builder_container hundred_percent="no" hundred_percent_height="no" hundred_percent_height_scroll="no" hundred_percent_height_center_content="yes" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" publish_date="" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" video_preview_image="" border_size="" border_color="" border_style="solid" margin_top="" margin_bottom="" padding_top="" padding_right="" padding_bottom="" padding_left=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" spacing="" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_image_id="" background_position="left top" background_repeat="no-repeat" hover_type="none" border_size="0" border_color="" border_style="solid" border_position="all" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="" margin_bottom="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" last="no"][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id=""]Once your offer is accepted by the seller, you want to lock in your interest rate to make sure it doesn’t go up during the time it takes to process your loan. Once the rate is locked it will stay the same no matter what for a specific period of time.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Once your offer is accepted by the seller, you want to lock in your interest rate to make sure it doesn’t go up during the time it takes to process your loan. Once the rate is locked it will stay the same no matter what for a specific period of time.

By Andre Nieuwendam|2019-05-28T09:10:43+00:00April 22nd, 2019|0 Comments

About the Author: Andre Nieuwendam

I am passionate about good customer service and integrity in business. I have been with Obsidian for almost 5 years and am committed to making your experience with our Lending Team a success. Please feel free to message me with any issues or just to let us know we are doing a good job!

Step 4Lock Your Rate

Share This Story, Choose Your Platform!

About the Author: Andre Nieuwendam