You may be locked in on that amount until the lease expires.  

I've had my ear against the door of REI for a few years now and I'm finally ready (within the next 12 months or so) to dive in.

Does the prepayment have to be determined before the lender locks in a rate, or is this something that can be negotiated afterwards.

These home value increases(in high prop tax states) and insurance increases is not causing a real cliff like price change to the absolute mortgage cost, but it's definitely creating an uneasy feeling to alot of people who have locked in low rates and are seeing massive YoY changes in their monthly amount.

Right now I will just play by the ear and see what's the next step.

One way I'm thinking is if the note between me and my LLC shows quarterly or semi-annual payment, or some other payment terms, that would give me time to Refinance the loan without having to make any type of monthly payments to the LLC and just take care of the HELOC payments.Right about now you're probably really sorry you've been so helpful, BUT, you can tell I am very green behind the ears!!

We have about 7 months until the the rate lock payments start to kick in and the project is supposed to be complete.  

Nope says the driver with a lock and chain in is hand.

A reduction in interest rates might not only boost homebuying activity but also trigger a wave of refinancing as homeowners look to lock in lower rates.4.

. - Day of, change locks.