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What If Rates Drop After I’ve Locked?

April 26, 2017drop I’ve locked rates

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What If Rates Drop After I’ve Locked?

1 Answer

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At the time we are ready to draw your loan documents, if our posted rates are at least .25% lower than the rate you locked (for the same or less points, or the same or more rebate), you may float down your rate to the current rate plus .125%.