Contributor
Phitor
Posts: 118
Registered: ‎07-01-2011
Re: Long Closing Date and Rate Lock Dilemma

cdtotten wrote:

I'd close now and rent the home to the seller for as long as they need. Make sure all rent payments are made in advance and get a security deposit for potential damages. This will allow you to lock in your rate, and satisfy the sellers needs.


 

Thanks, looking into this possibility now with the seller's agent.