Are you a first time home buyer in the home buying process and wondering about locking an interest rate in this housing market? When should you lock your mortgage rate? Why should you lock your interest rate? How do you lock your loan? In this video, we discuss everything around mortgage and the process of locking a loan from when, why and how to lock your interest rate to how interest rates change.
0:00 – Intro
1:05 – Why you should lock your interest rate?
5:41 – How long can I lock my interest rate?
6:10 – What happens if my rate lock expires?
6:27 – Can interest rates change once they’ve been locked?
6:59 – When to lock your interest rate?
9:18 – How to lock your interest rate?
9:28 – If interest rates go down, can I get a lower interest rate?
10:37 – Can you lock a loan with multiple lenders
11:18 – How do you know if your lender is a professional?
11:35 – Should I use an online lender for my mortgage?
Let me know in the comments below.
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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