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New Mexico Rate Lock Disclosure InterBank Form

New Mexico Rate Lock Disclosure InterBank Form

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so today we're going to be talking about a rate lock what it means when a lender locks your rate and how it can negatively affect you if you're not paying attention if your lender's not paying attention so i'm going to give you an overview and then julie's gonna give you story time we always have stories because we have this type of stuff i don't think people understand that when a lender locks your rate okay it's for a set period of time so if i lock your rate on april 1st and it's a 30 day rate lock on april 30th that rate is expired unless i extend it if i extend it extending costs you money right yes per day money now if for some reason i had to extend it because of my team let's say my team made a mistake i would find a way to cover it if however we have to extend it because the seller decided that they want to rent back for 30 days that's not my fault like there's no way i can go to my boss an

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