Lock Your Loans!!

Just a quick market update.

If anyone currently has a loan in process, please call your Loan Officer today to ensure he or she has locked your rate. I’ve already received around 10 emails today from lenders telling me that their guidelines are changing and any loans not already locked will be subject to the new guidelines. What does that mean? That means if you don’t lock your loan, you may find that the lender gets rid of the program or tweaks requirements so that you no longer qualify. It’s important to note that even if you are approved you need to make sure your Loan Officer locks the rate or you may find that the loan you were promised went up in smoke.

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