Is it too late to switch LOs?

[Anonymous]

I am locked in currently at 5% VA...(for the record I am not complaining about that at all)

I am just curious if I can still switch lenders even though I am locked in - If another lender can give me a better deal.

BTW...I was locked in without my approval and I have never signed anything - I called my LO one day to ask how the rates were looking and he told me then that he locked me in that morning...is this normal?

Quick vent...short sales suck - waiting for 31 days so far since my offer has been in!!

-if all goes well, it will be worth it in the long run though.

Thanks

[Anonymous]

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@Anonymous wrote:

I am locked in currently at 5% VA...(for the record I am not complaining about that at all)

I am just curious if I can still switch lenders even though I am locked in - If another lender can give me a better deal.

BTW...I was locked in without my approval and I have never signed anything - I called my LO one day to ask how the rates were looking and he told me then that he locked me in that morning...is this normal?

Quick vent...short sales suck - waiting for 31 days so far since my offer has been in!!

-if all goes well, it will be worth it in the long run though.

Thanks

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Check the forms you signed when you officially applied for the loan.  There should have been one which either stated that your rate was locked when you signed/officially applied or you should of had a form stating that your rate is floating and that it wont lock until you request/sign a form telling the lo to do so

[Anonymous]

Why do you want to switch?  That is the important question.  Has the lender done anything wrong?  If it is just the interest rate, 5% fixed is a fine rate so that is not worht going through the hassle again I would think.  If he locked you in awhile ago at 5.5 or higher I could understand for sure.  Has anything else happened?