What Happens if the Loan Process Takes Longer Than My Lock Period?
If the delay is caused by us, or a third party service provider selected by us, we will extend the lock at no cost. If the delay is caused by you, you will be required to pay for the cost of the lock extension. Delays caused by you could include requesting the subordination of an existing second mortgage or home equity line, not supplying supporting documentation within three days of our request or delaying appraisal inspections or document signing appointments.
