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Updated over 3 years ago on . Most recent reply

Pratap Singh's profile image
Pratap Singh's profile image
Pratap Singh
  • from North Carolina
  • Member since Mar 1, 2020
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Pratap Singh's profile image
Pratap Singh's profile image
Pratap Singh
  • from North Carolina
  • Member since Mar 1, 2020
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Pratap Singh
  • North Carolina
7
Votes |
24
Posts
Buying & Selling Real Estate

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

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Paramvir Singh's profile image
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Paramvir Singh
  • Investor
  • from New York, NY
  • Member since Jul 16, 2020
  • Posts 13
  • Votes 16
  • Experience 5 Yrs
  • Investments 2
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Paramvir Singh's profile image
Paramvir Singh's profile image
Paramvir Singh
  • Investor
  • from New York, NY
  • Member since Jul 16, 2020
  • Posts 13
  • Votes 16
  • Experience 5 Yrs
  • Investments 2
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Paramvir Singh
  • Investor
  • New York, NY
16
Votes |
13
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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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