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RE: Rate-lock extension fee vs. letting the lock expire
Confirm exactly when the lender treats the lock as expired before assuming a full 10-day extension is needed. The written terms should specify whether expiration is tied to a calendar date, a particular time, or the sche...
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RE: Confused about which home mortgage loan fits your situation?
You nailed it with that. I’ve lost count of how many folks get starry-eyed at the teaser rate and don’t realize their payment could jump in a few years. Had a client once who figured they’d sell before the adjustment, th...