The process is the same as for a purchase. You lock your rate after receiving a rate quote and before closing, typically for 30-60 days.
No purchase contract is needed for a refinance lock. You lock when you and your lender agree on the rate and terms.
Refinance Lock Process
Patrick Kevin Fagan explains refinance lock process for homebuyers in San Antonio and the Texas Hill Country. Rate lock procedures and strategies for refinancing a mortgage.
No Contract Needed
Patrick Kevin Fagan explains no contract needed for homebuyers in San Antonio and the Texas Hill Country. Rate lock procedures and strategies for refinancing a mortgage.
Same Process
Patrick Kevin Fagan explains same process for homebuyers in San Antonio and the Texas Hill Country. Rate lock procedures and strategies for refinancing a mortgage.
Comparison
Patrick Kevin Fagan explains comparison for homebuyers in San Antonio and the Texas Hill Country. Rate lock procedures and strategies for refinancing a mortgage.
