Frequently Asked Questions

Can I choose a different program or rate after I’ve locked?

Yes! You may move to a different loan product, whether or not you have rate locked, at no cost to you. Please contact an Empire consultant for rates and pricing if you are moving to a different product group. The rates and pricing available to you will be those rates and pricing that were in effect on the date and time that you initially rate locked. Note: rate locks are specific to property not borrowers, so if in fact you end up cancelling a residential purchase, and end up purchasing a new property, your previous rate lock will not be in effect and you will be subject to current rate sheet pricing; good or bad!

Its important that clients obtain the mortgage product that best fits their financial needs, and sometimes that can mean changing the loan product while in process.

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