Since mortgage interest rates are constantly changing, we offer the option of “locking-in” a current interest rate to protect you against an increase during the loan process.  Once your loan rate is locked, you will receive this rate and the discount points you requested, no matter which way rates move.  This means that the loan amount you qualify for today will still be the same when the loan closes.

You can lock-in an interest rate and discount points if you:

 Supply us with a purchase and sale agreement on the property you want to buy

• Submit a completed loan application to us
• Pay the required prepaid application deposit of $425 to cover the cost of the credit report and property review items.  This deposit will be credited toward your closing costs.

Once these requirements are met, contact us to request a rate lock.  You must speak to a loan representative to lock in your rate and discount points.