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Updated over 3 years ago on . Most recent reply

User Stats

24
Posts
7
Votes
Pratap Singh
  • North Carolina
7
Votes |
24
Posts

Closing in April22, can we lock rate now or wait for Feb22

Pratap Singh
  • North Carolina
Posted

Closing in April22, can we lock rate now or wait for Feb22

Most Popular Reply

User Stats

13
Posts
16
Votes
Paramvir Singh
  • Investor
  • New York, NY
16
Votes |
13
Posts
Paramvir Singh
  • Investor
  • New York, NY
Replied

@Pratap Singh FYI rocket mortgage is notoriously bad at disclosing all of their fees and being unable to close on time. To answer your question- you should be able to lock now but in many cases you’ll have to pay a % of the loan amount to extend that lock all the way until April 2022, just depends on your lender.

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