Lock your rate when you have a signed contract, your loan is approved, and you are within 30-60 days of closing. Do not lock too early or too late.
Consider a float-down provision for protection if rates improve. Keep your finances stable between lock and closing to protect your rate.
When to Lock
Patrick Kevin Fagan explains when to lock for homebuyers in San Antonio and the Texas Hill Country. A comprehensive guide to mortgage rate locks covering every aspect homebuyers need to know.
Timing Strategy
Patrick Kevin Fagan explains timing strategy for homebuyers in San Antonio and the Texas Hill Country. A comprehensive guide to mortgage rate locks covering every aspect homebuyers need to know.
Float-Down Options
Patrick Kevin Fagan explains float-down options for homebuyers in San Antonio and the Texas Hill Country. A comprehensive guide to mortgage rate locks covering every aspect homebuyers need to know.
Extensions
Patrick Kevin Fagan explains extensions for homebuyers in San Antonio and the Texas Hill Country. A comprehensive guide to mortgage rate locks covering every aspect homebuyers need to know.
Financial Stability
Patrick Kevin Fagan explains financial stability for homebuyers in San Antonio and the Texas Hill Country. A comprehensive guide to mortgage rate locks covering every aspect homebuyers need to know.
Complete Checklist
Patrick Kevin Fagan explains complete checklist for homebuyers in San Antonio and the Texas Hill Country. A comprehensive guide to mortgage rate locks covering every aspect homebuyers need to know.
