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Mortgage Rate Lock and Shop

By Brad Lynch on August 30, 2013 10 Comments

The company I work for, Premier Nationwide Lending, has opened up a new program designed to help protect buyers all over Texas, in times of rising rates.  In the last 3-4 months, we’ve seen rates go up DRAMATICALLY.  I’ll make this short, sweet, and to the point.

YMGFL-LOGO-FINAL

Are Mortgage Interest Rates rising and what can I do?

Normally, with most lenders in the U.S., you must have a property picked out, and usually have an executed contract on it, before you can lock your rate.  At minimum, you have to have the property address, because it is the address that is attached to the lock.  With our new Lock and Shop mortgage program, you can actually lock your rate while you are shopping, and therefore protect yourself from the inevitable, rising rates. 

For information on your Lock and Shop options, please call me at 469-450-2723, or email me directly.

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Filed Under: Mortgage Loans Tagged With: best mortgage company, Flower Mound Lock and Shop, Flower Mound Mortgage, lock and shop interest rate, lock and shop mortgage, Premier Nationwide Lending Lock and Shop, rising interest rates

Comments

  1. Sheen says

    September 1, 2013 at 10:21 am

    This is great website! hope i can have website like this, and the content is good,

  2. Dov Shapira says

    September 1, 2013 at 11:11 am

    Sounds good. I didn’t know about ‘The property has to be attached to the lock’
    Thank you

  3. Anita Breeze says

    September 1, 2013 at 2:34 pm

    We have this in Canada, but it’s simply called a Preapproved Mortgage. It’s great for buyers because they can shop knowing exactly what kind of a mortgage they qualify for and not worry about placing an offer on something that is not going to happen.

  4. John Hurd says

    September 2, 2013 at 4:23 am

    I really do appreciate the efforts you’ve spent just to make things as convenient as possible. I might as well share these information about Lock and Shop mortgage program to some friends. More power to you Brad.

  5. Don Purdum says

    September 2, 2013 at 7:13 am

    That is great flexibility. It an be confusing if you think you qualify based on a pre-qualify only to find out the interest rate bumped you after the fact.

  6. Cyndie says

    September 2, 2013 at 12:14 pm

    Great info! Thanks for sharing!

  7. sheena says

    September 2, 2013 at 8:26 pm

    im hoping to buy a home in the next two years this is a great product will keep you in mind

  8. Rob says

    September 3, 2013 at 8:12 am

    I never heard of this type of program before.. sounds great!

  9. Jo Casey says

    September 3, 2013 at 1:45 pm

    I’m so fascinated by all of the different schemes and programs available – thanks for the information

  10. Dionne says

    September 12, 2013 at 7:59 pm

    Wow. I had no idea you could do this with a house. Locking in the rate is so important. If the rates fall though before you purchase your home, can you apply for the newer lower rate?

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Hello there! I'm Brad. If you have any questions as you read through this website you can reach me at 469-450-2723. Or, Pre-Qualify Now For Purchase Or Refinance.

About Brad Lynch

Brad Lynch of Flower Mound, TX has been helping families in the DFW and surrounding areas since 2002. Over 95% of his business during that time has been by referral.

Specialties include, FHA and Conventional Purchase and refinance mortgage, and owelty refinances during or after a divorce.

Texas Recovery Fund Notice

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT HTTP://WWW.SML.TEXAS.GOV.

Brad Lynch, RMLO, (NMLS #206799) is a representative of Mason McDuffie Mortgage Corporation (NMLS #1141). Mason McDuffie Mortgage Corporation is a registered trade name of Mason McDuffie Mortgage Corporation. Equal Housing Opportunity.

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