@Shayne Whittington I just locked in a rate yesterday on a non-owner occupied conventional mortgage, 30 year fixed.

Even though it locks it wouldn’t be too difficult to jimmy the lock and/or rip the box off the wall.

(I then suspect that they locked themselves out and broke in themselves.)

I just don't want to be "that guy" who needs to use the escape clause, and piss off a realtor because I locked up a property for a month for no good reason. 

I put $0 into the deal but was able to lock it up under contract even with 2 other offers behind mine for more money.

Meaning pay your mortgage as is and allocate all of the left over funds toward your next acquisition, since You’re already locked in @ a good interest rate.

The thing I didn't like about him was he started badmouthing other lenders calling them a "joke", and dissuading me from going their way, to the point of telling downright lies that a certain lender blows locks all the time..

Either funding locking up or interest rates flying upward could devastate commercial real estate.

Because unexpectedly having 100% of your accounts and assets locked up (in computer terms) seem like it will be a "Blue Screen Fatal Error" for many operators, and litigator fees still need to be paid, and if you cannot pay "You Lose".Just my thoughts on this.Scott...

Because it is now worth $200k, I am pulling out around $45k through a refinance (because of the lower interest rate, 3.5% locked in yesterday, my mortgage will only $50-$60 more per month).From a year ago, I went from none to two rentals.