5 Things You Must Know About Locking In Your Rate
What do you mean, my rate’s not locked in? You just got a call from your loan officer. Your loan is ready for closing. They’ve drawn the docs and prepared the HUD1. You say “and the rate’s 3.25%, right?” Silence. He says, “Um, no, it’s 3.75%.” You flip out. “I applied for 3.25%!” Loan officer:…