 How is this legal? Any suggestions on getting this agent back? |
| I was the buyers agent on a single family home purchase. An agent in my office who knew my buyer, went to the buyer and had him cancel the purchase, then he rewrote it with the buyer's brother-... |
|
 Can a landlord do a credit check? |
| We have had some really hard times and have to file bankruptcy. We are filling out an application for a apartment but there isnt a consent for a credit check but they do want our ss# can they turn us ... |
|
 Help selling my house!? |
| We've had our home near Clearwater/St Pete FL on the market for almost a month. It's a terrific family house that's close to the beach (but no flood, no evac) with 4 bdrms and 2,140 ... |
|
 Applying for mortgage as fiance/fiancee....instead of married? |
Quick snapshot of our situation...
We are looking to purchase our first home next year when our current home lease expires around May. She has excellent credit (+750 FICO) and I have been ... |
|
 Who replaces carpet when you rent a home? |
| i have rented from same property managment company for 10 years. house needs painting and carpet has never been replaced. is this the owners responsibilty and after how long should it be done?... |
|
 Should real estate 'house flipping' be outlawed? |
| I have an adverse opinion to this real estate practice of buying a house, holding it for 90 days and then re-selling at large profits. I believe this practice to be dishonest and one of the reasons ... |
|
 I am buying a house!!? |
I am buying a two bedroom house in swansea, it's on the market for 96,000 and i've been approved a mortgage for this amount and i have put an offer in, which has been excepted.
A... |
|
 Cost of owning a home versus renting a home? |
What is the real cost of owning a home verses renting
Additional Details
I guess what I am asking is what other fees are there in owing a home. Is tax a major issue etc.... |
|
 Rent increase before lease is up? |
| do i have any rights if my landlord increases my rent before my lease is up? i thought while under a lease rent couldnt be upped until my lease is up. I have no problems with my landlord except he ... |
|
 Can I break my lease? |
| I live in Owings Mills, MD. My car has been hit multiple times outside of my apartment. Also the other night my fiance caught a man trying to break into my car. I also recently got a new job and ... |
|
| I got accepted for mortgage, and i asked seller can i have house for 220 k instead of 225k.? |
| she said no too me, it was meant to be a private sale and she is my mothers next door neighbour. My point is house value is 225k and shes asking for 225k surely 220k isnt a bad offer.. i thought that ... |
|
 Can I get rid of Private Mortgate Insurance now? |
| Hi. We bought our house in 99 for $145 k. We then refinanced and took out a loan in 03 - so our new loan balance was $210k. Our current balance on the house is about $198k. We're still ... |
|
 What is better - renting or home ownership? |
| I've been throwing a lot of money in the past few years at renting places to live. I hate to think that this eats up a good piece of my budget. I was wondering if it'd be easier to own a ... |
|
 Is there a fee for using a realtor when purchasing a home? |
| My fiance thinks no, and that the fee is paid by the seller. It seems to me that the seller would tack on the fee to the selling price so ultimately it is still the buyer that pays it in the end. T... |
|
 Can a landlord charge me for a new subfloor in the kitchen when we only ripped the linoleum? |
I am having so many issues with my old landlord and we haven't lived there is over a year. She is charging me for the following damages...
-Tear in the linoleum $900 (we agreed to buy new ... |
|
|  |
anetteanahi | When you Lock in a low, fixed interest rate, for how long is it locked in? |
|
 |
 
angelndebt
|
If it is locked it stays that way. Always read fine print.:) |
|
No Name
 |
when applying there's a deadline to complete the application process and procure the loan - the rate lock should hold until then. whether or not there are optional extensions, probably for a fee, is something you can look into, preferably in advance. a fixed interest rate is a fixed interest rate, that should stay fixed for the term of the loan - however many years the full term of the loan is. |
|
PoohBearPenguin
|
Not sure what you're asking...
The rate you lock-in during the application process is usually good for 90 days. I was dealing with a mortgage broker, and not directly with the bank (until it was time to sign the papers.) She was also able to re-adjust the interest rate when the Fed dropped their rate while we were applying for the mortgage, which saved us quite a bit on our monthly payments.
If you're going for a fixed rate mortgage, like we did, then once you sign the paperwork, the rate is permanent. It will not change during the life of the loan. If you went with an adjustable rate mortgage (ARM) then the loan will contain details on how long your introductory rate will last, and how it will be recalculated. |
|
Hunter
 |
loan terms should be fixed for a period e.g. 10-yr, 15-yr or 30-yr. unless it is adjustable then the rates changes every 2 years. Read the terms. |
|
blastedtower13
|
Depends on the prequalification. I have seen 45-90 day locks to closing. |
|
LT Lander, USN
|
For a home as long as possible.
Otherwise as long as you need the lone lock it in. If you only need 24 month's to pay off you can then lock it in for 24 month's! |
|
Rookie
 |
Depend on the terms set forth in the note you have/will sign. Be sure to read the fine print and always consult an attorney if you have questions. |
|
J.H.
 |
Ask your lender how long the rate is locked in for. They all vary some 60 days, 75 days, the longest I've seen is 90 days. Also keep an eye on the rates up until you find a house, if they lower then lock in the new lower rate. |
|
Jeremy B
|
Ask your lender. Each is different. Most of the big companies default to 45 day locks, but you can usually request a longer lock time if necessary(at higher cost to you). In today's fluctuating rate market you WILL NOT find a major lender who is willing to lock loans for more than 60 days. You can extend a lock past 60 days, but getting an initial lock of 60-90 days is not going on right now(only at a large cost to you, usually not of benefit). |
|
Matt
 |
depends on the terms of the loan. generally 1, 2, 3, 4, or 5 years. The choice is yours. However the rate is usually different for the specific time frames. When the timeframe is over, you generally get a choice if you want to fix the rate again. Otherwise I believe it reverts to the variable rate. Different banks have different policies. |
|
cavyslave2000
|
I"m pretty sure that deadline varies from lender to lender. Ask your borrower how long they will guarantee that rate. There's usually a deadline from the time you apply for the loan and the time you close on the loan. It could be 30 days, 60 days, etc. |
|
Tony D
|
As a broker, I have several lock durations to choose from. As short as 12 days to as long as 90 days or more if needed. Ask your loan officer for details. Remember, time is money - the longer the lock, the more expensive it is. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 16 minutes(s) ago
| | | |
12 | 45 minutes(s) ago
| | | |
12 | 3 hour(s) ago
| | | |
11 | 7 hour(s) ago
| | | |
12 | 10 hour(s) ago
| | | |
12 | 11 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 1 week(s) ago
| | | |
12 | 1 month(s) ago
| | | |
12 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
