Jeremy Drobeck of Treadstone Mortgage Interviews Heidi Bryant of B.E.S.T Inc. This short video is a good Q & A for people looking to buy a property with a well or septic system. Knowing the basics is important and can save you thousands. Heidi runs thru everything from testing the water for nitrites & bacteria to things like when to change the alternater valve on a septic system. For more information or to have a well or septic system looked at visit www.bestwellseptic.com
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!”
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Are you under contract on a home with an expiring rate lock? Need a rate lock extension?