FALSE!
A bank told my client they can only lock in when they find a property. That may be true for the bank that doesn’t want to take the risk, but we PROTECT your buyer.
So it’s FALSE.
We have lock and shop rates where we can lock in up to 90 days.
This is especially good on new construction properties. The property is not ready until October? No problem; we can lock you in now and take the risk out. Then, if rates go down more than .25% you “float down” to get the lower rate.