If you locked in your interest rate and cannot close in time, what happens? You can extend the rate lock by paying a fee to the lender. Most banks are willing to extend your rate up to
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Monthly Archives: October 2008
Finally!…and then nothing
So, the Bill was passed and nothing much happened with the stock market or the interest rates. Banks and Wall Street need to sit back and figure out what they are going to do for themselves.
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FHA Increases Borrower Costs Based on FICO score
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As you know, a few months ago FNMA changed the way they price out mortgages based on your FICO score (credit rating). The lower your score, the more they charged you. This is
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