About to purchase 1st property

[Sean Delagrange]

Hey everyone,

Newbie here.

Zeroing in on my first property in Athens, GA. It’s a brand new construction which won’t be done until July 30th, so I’m getting a lot of different types of quotes from lenders with different durations on locked rates. Anyone have advice on how to best navigate the long closing period scenario?

If I “lock in” a rate for 180 days, can I always find a new lender if the rates decrease and the current lender won’t float down to the market rate at that time?

Lastly, if anyone has any tips on lenders who are giving the best rates currently with 20% down, I’m all ears!

Thanks everyone!