Hi all, I am wondering what your experiences have been regarding a float-down option or having lender match current rates on mortgages after locking in a rate.In my current experience, I have a rate locked in at 3.625% and now that rates have fallen to 3.5%, my lender (credit union) says that they do not have a float down option and that they cannot lower my rate in any scenario.

To extend that income you can put a lease and security deposit in place with a new tenant at home #1 and some lenders will count that towards your income to purchase home #2.

I had a $13,000 check deposited four weeks prior from a client of mine.

Also make sure you have them pay a deposit and sign a lease right away because they will usually keep looking.  

If you deposit your cash this might work.

If the advice doesn't match up with your own personal objectives, then it's probably not what you need to hear.

I usually just keep the security deposit which they seem to expect.

I keep two banks, I keep my deposits, insurance premiums, taxes, mortgages, and CAPEX in one bank. 

Other than 1) Actually firing the PM, 2) Having a separate bank account to hold the tenant's deposit, 3) Having the old lease end and new lease start the next day...Are there any other considerations I need to take into account?

At first I told them that a 14 day deposit hold is $100 non refundable and put towards there security deposit, and we could make the deposit to hold extended to 30 days for a additional $100 non refundable fee that does NOT go towards anything (accept my pocket).