This event is going to be a ton of fun and great opportunity for real estate agents to bombard lenders with questions.
Location Greater Kalamazoo Association of Realtors
Moderator: Jeremy Drobeck, Amerifirst Home Mortgage
Panelists:
Hear about underwriting concerns, tools & tips for credit integrated disclosures coming Aug. 1st, red flag items, and much more.
Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push closing back by ten days to finish clearing out their garage.
The buyer asked me, “Jeremy, if our rate lock expires before we close, will our interest rate jump up? Will our monthly payment go through the roof?”
I told them straight up: “Take a deep breath! An expiring rate lock will not ruin your deal, and you will not lose your low rate!”
Are you under contract on a home with an expiring rate lock? Need a rate lock extension?