Mortgage Rate Lock

Verbal Interest Rate Lock

Does a verbal interest rate lock really lock your mortgage rate? Here are tips that could help you avoid an expensive mistake…

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Can You Break Your Mortgage Rate Lock?

Since mortgage rates have been in near freefall this week several people have asked me about breaking mortgage rate locks. Here’s the skinny you need to know about locking in your mortgage rate. Can you break your mortgage rate lock and walk away from the table at any time? While most mortgage brokers will tell [...]

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Mortgage Rates – Locking in Your Interest Rate

If you’re in the process of refinancing your mortgage you might be losing sleep over your rate lock. Last week mortgage rates rose from 5.6% to 5.8% almost overnight. If you didn’t lock your rate in writing you’re looking at higher mortgage rates this week. Here are the basics you need to know about locking [...]

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Juan: I was denied a loan modification, now I want to apply for a FHA streamline refinance , how should I go about doing that? My mortgage lender...
Katie: Thank you all for the helpful comments! I know no other company that refuses to give a Good Faith Estimate up front. More than a bit...
Liz Kinder: Any hope for non Freddie/Fannie mortgage holders who are underwater?
ELG: I just got a quote and USAA’s fees are very very high. I do not recommend them.