+ LR-Icons

Mortgage

About

Back to Top

Payments

Back to Top

Appraisal

Back to Top

Fees

Back to Top

Terms

Back to Top

Rates

  • How do I lock my rate?
    When you have entered a subject property into the system, you may lock your loan through the task created on your dashboard or by clicking the rate lock icon. You will have up to three minutes to confirm your rate lock.
  • What happens if my closing is after my lock expiration date?
    You may lock your interest rate for up to 90 days. Extensions beyond 90 days are available, as needed, which may require additional fees.
  • What is the difference between mortgage interest rate and APR?
    Rate is the permanent interest rate for the life of the loan. APR is a reflection of the cost and charges that is expressed as an interest rate.
  • Can quoted fees and rates change?
    Yes, fees can change based on the services and products you select. Quoted rates are subject to change until you lock your loan. If a change is made, you will be provided with a new loan estimate.
  • Are quoted rates real and guaranteed?
    The quoted rates are real, but they are not guaranteed until you lock your rate during the application process. You can lock your rate once you’ve found a property you would like to buy. Even though we cannot guarantee your rate until you lock your loan, you will always see current market rates based on the information you provide.
Back to Top