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how long will the rate be locked in for

by anna mcdonnell from phila, Pennsylvania. Sep 21st 2010 Reply


Reggie Hayes (rhayes)
#15 ranked lender in New Jersey - 12 contributions

Rates can be locked for 15, 30, 45, or 60 days depending on the type of loan that you are doing. For more details or questions I can be reached at rhayesatslsmtg.com, or 888-475-7684 x213

Sep 21st 2010
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Casey Persinger (casey@thelowpricelender.com)
#31 ranked lender in Utah - 30 contributions

The lock period is different for each lender. I can typically loan a loan process and fund on the loan within a 30 day period. Most lenders will not allow for a lock period of less than 30 days unless the file has been through underwriting and has an underwritten approval with conditions. Other lenders won't even allow for a lock of less than 30 days unless the conditions of the loan are met. I can lock a loan for as far out as 120 days if need be, however, the shorter the lock the better the pricing. Hope I've been helpful, if you have any other questions please feel free to contact me at casey@thelowpricelender.com or 801-682-5626....good luck.

Sep 21st 2010
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