Frequently Asked Questions

Can I relock my rate if I cancel and reapply?

Re-Locking is possible under certain conditions. If you cancel your refinance application, a re-lock of interest rate becomes available 30 days after the expiration date of your original rate lock. And, remember that rate locks are property specific, so if you cancel a purchase transaction wherein you had a rate lock, you may immediately rate lock once you enter into a new contract on a different property.

If you escrow is delayed and you need to extend your rate lock, you may do so at a cost, however you also have the option to allow the original lock to expire and after waiting 30 days, make a new rate lock commitment at current market rates.

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