POST TAGSLoan Programs
Blog posted On May 26, 2022
Have you ever made a decision before you felt ready? When it comes to a decision as big as a home, it’s important to find the right fit. Don’t let fluctuating mortgage rates pressure you into buying before you’ve found the right home. Instead, consider Lock N Shop.
Lock N Shop Overview
Lock N Shop is a program created with you in mind. Many home buyers are either rushing into a purchase to take advantage of rates or they’re waiting until rates drop (which could be years).
Lock N Shop gives you the best of both worlds and lets you shop for a home at your own speed.
Here’s how it works:
If you’re concerned that rates will continue to rise, you can secure a peace of mind by locking in your rate and continuing to shop for your home. And if you’re concerned that rates might fall, you can rest easy knowing that you have the ability to drop your rate if the market rate falls.
Lock N Shop is not available for non-agency loans. It is also not available in the states of Massachusetts, New York, or Oregon.
To learn more, contact us today!