Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
We help our customers to afford the home of their dreams and we love what we do.
Company NMLS: 1928339
www.nmlsconsumeraccess.org
26211 Central Park Blvd.
Suite: 116
Southfield, MI 48076
Office: (248) 281-4098
Phone: (734) 634-4064
Cell: (734) 292-5693
info@coalmortgagelending.com
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