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.
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.
Sheen
This is great website! hope i can have website like this, and the content is good,
Dov Shapira
Sounds good. I didn’t know about ‘The property has to be attached to the lock’
Thank you
Anita Breeze
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.
John Hurd
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.
Don Purdum
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.
Cyndie
Great info! Thanks for sharing!
sheena
im hoping to buy a home in the next two years this is a great product will keep you in mind
Rob
I never heard of this type of program before.. sounds great!
Jo Casey
I’m so fascinated by all of the different schemes and programs available – thanks for the information
Dionne
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?