Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
We've been helping customers afford the home of their dreams for many years and we love what we do.
NMLS: 575251
Company NMLS: 2510636
*The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply
4444 Carlisle Pike
Camp Hill, PA 17025
Phone: (717) 514-2869
tim@kostmortgage.com
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