Proud Local Founding Partner of the First Tee of the Virginia Blue Ridge. http://www.thefirstteevirginiablueridge.org/
Proud Local Founding Partner of the First Tee of the Virginia Blue Ridge. http://www.thefirstteevirginiablueridge.org/
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. Usually, the longer the lock period, the higher the rate/fees will be.
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Company NMLS: 205539 (www.nmlsconsumeraccess
www.nmlsconsumeraccess.org
685 Berkmar Court
Charlottesville, VA 22901
Phone: (434) 293-5200
Jsharff@mahonemortgage.com
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