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Lock-in without looking back

More Articles:

*When is the right time to lock?

*What if my lock-in period expires?
*Should I get my lock-in in writing?

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When is the right time to lock?


Eager to determine the best time to lock in a favorable interest rate? Some say you might as well consult a crystal ball, that there is no perfect time to lock-in a loan. For some, however, speed is of the essence. Locking-in a great rate right away feels safer than riding out market fluctuations for another few weeks. Others argue that floating an interest rate is the only way to take advantage of potential price decreases. Lock-in periods typically range anywhere from 15 days to four months—a longer lock-in period can sometimes cost more too--so be sure to select an interval that accommodates the time needed to process your loan, as well possible delays.

 

 

 


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