|
I am buying a house and was given a rate by my broker which I locked. Then I was given a quote of a better rate from another lender. I told my broker about the quote and he told me after checking it again he can get me that lower rate. I was just wondering what my lock period would be. Will it be 30 days from the original lock or will it be from the time that he rechecked the rate? He is telling me that the rate is locked for 30 days from the first lock date. This gives me the impression that he didnt relock the rate at all but is giving me a rate that he could have given me all along. Am I wrong or am I just confused? The reason I am concerned about it is because I need a couple extra days to close on the house. rnrnThanks for any help you can give me
Reply
|
