Rate Locks When Rates Are Rising

Topics:
Credit Management
Tags:
Finance,
Financial Planning,
Financial Services,
Interest Rate,
LendingTree,
Lock,
Rate Lock
Source:
LendingTree

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Overview: If you're ready to apply for a home loan, but are concerned that interest rates might go up before your loan closes, a rate lock might be just what you need. A rate lock puts a hold on your interest rate for a set period of time, though you'll still have to qualify for the loan to receive that rate. If you expect your loan to close quickly and you're willing to take a chance that interest rates might go up, a lock might not be important to you.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Jul 2008 | Pages: 3

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