Tag Archives: Interest Rate

Protect yourself against loan lock scams

A price quote means nothing until it is properly locked with the lender. A rate lock, as it is commonly called, is the lender’s commitment that it will make the specified loan at the specified price within a specified future … Continue reading

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Before You Refinance, Modify Your Loan … If You Can

A colleague who was looking to refinance his mortgage to today’s record low interest rates, just told me that he opted instead for a “modification.” No, he’s not behind on his monthly payments, nor even struggling to make them. He … Continue reading

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