Sometimes, saving money on your mortgage is as simple as picking a better closing date. It’s all about Rate Lock Commitments. A Rate Lock Commitment is a bank’s promise to honor a specific mortgage rate for a specific period of time. They are a lender’s prediction of what mortgage markets will look like at some […]
How Settlement Date Can Lower Your Rate or Save Money
July 14th, 2009 · Comments Off on How Settlement Date Can Lower Your Rate or Save Money
Tags: Consumer Interest · Economy · Federal Reserve · Mortgage Lending · Real Estate