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re: Maybe I’m wrong and that’s OK. But I need to understand the ethics behind this mortgage.
Posted on 3/1/21 at 12:14 pm to DiamondDog
Posted on 3/1/21 at 12:14 pm to DiamondDog
Were you harmed by the lender not locking in the rate? You would likely be furious if they locked without your consent and the rates went down.
A lender is not going to lock in an interest rate until they have a good idea they can close within 20-30 days. Yes, they do appear to have been working in your interest in this situation.
A lender is not going to lock in an interest rate until they have a good idea they can close within 20-30 days. Yes, they do appear to have been working in your interest in this situation.
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