Anyone know what the chances are? It's not an official option in our contract. We locked at 6 at the end of last month and are wondering how we can get the lower rate? Any ideas?
Thanks. The lock expires on the same day we close. If they won't lower it, should we let the lock expire and postpone closing for a couple days? What are the consequences for doing that?
@Anonymous wrote: Thanks. The lock expires on the same day we close. If they won't lower it, should we let the lock expire and postpone closing for a couple days? What are the consequences for doing that?
the loan officer will re-lock. and they will use worst case pricing(will re-lock off old rate sheet they priced off of the first time).... so this isnt a strategy.
