Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
We've been helping clients accomplish their home financing goals for two decades and we love what we do!
Company NMLS: 1843921
Green Oak Lending Group, LLC
560 N. Milford Rd Ste 202
Milford, MI 48381
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