Mortgage Rate Locks

by Robert Goldman
(USA)

Hi Kate! My mortgage professional says mortgage rate locks do not ensure that we will get the same rate as in our good faith estimate. Is this true? How do interest rate locks work?



Kate Answers: Mortgage Rate Locks

Hi Robert,

Thank you for contacting Ask Kate at Get-Your-Best-Mortgage-Rate. I have answered your question at Nitty Gritty Mortgage Interest Rate Lock. So please just follow the link to this page on my website for your personalized answer!

I hope you'll come back to my website again in the future. You can also invite friends to comment on this page, Mortgage Rate Locks or create a page of their own as you did.

And don't forget to check out the links near the bottom of this page for a wealth of help on mortgage rate locks right here on my website.

Best Wishes,

Ask Kate how to get the best mortgage rates
Kate Ford aka Super Kate at Get-Your-Best-Mortgage-Rate.com





Finding The Help You Need For Locking Rates

My Interest Rate Lock Guarantee - Help for timing your rate lock.

The best solution to avoiding hidden fees is to ask the right questions before you lock mortgage rates.

All about getting mortgage broker fees in writing - Otherwise your rate lock is meaningless!

How good is a mortgage interest rate lock guarantee? In the end, you have to read your lender's paperwork.

Because Yield Spread Premium is a common reason for losing your rate lock, here is the insider scoop on this odd sounding term.

Questions to Ask BEFORE You Lock

Ask Kate about locking - Ask a question and get an answer from Kate.

Search Readers' questions and Kate's answers at Mortgage Rate Lock Center



Return from Mortgage Rate Locks to Get Your Best Mortgage Rate


The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com

Click here to post comments.

Join in and write your own page! It's easy to do. How?
Simply click here to return to Best Mortgage Advice Social Networking Hotline.

Advertising Policy

Grab your FREE email mini-course...    Super Kate's Magical 6-Step System to Paying Off Your House Faster and Easier Than You Ever Thought Possible
...when you sign up for Focus on Finance, packed with tips, ideas and products for eliminating debt, and creating wealth.

We respect your email privacy

Super Kate's Supersonic House Payment Calculator

Calculate your house payments in a jiffy!

Learn from Super Kate how to use a mortgage calculator and keep up with your lender.

Knock Your Socks Off Best Mortgage Rate Blog

Follow the time-tested Best Mortgage Rate Blog packed with trade secrets from Ask Kate and Super Kate.

The fresh and effective approach to getting a mortgage!

You Can OWN My Brain

Loan Modification Answers by Kate - Unique help for modifying your mortgage. Make sure you don't miss this.

Lock Answers by Kate - Learn the nitty gritty inside story of locking your mortgage rate. Rate Locks Part I

Ask Kate About Locking Mortgage Rates - The dilemma of locking mortgage rates continues with even more letters. Rate Locks Part II

Refinance Answers by Kate - Refinancing brings out opinions, for sure! Get the facts here. Refinancing Part I

Refinancing Stories From Homeowners - With reversed rolls, Kate asks and Homeowners offer refinance advice. Refinancing Part II

Home Buying Answers by Kate - Learn how to buy a house. Unusual facts to aid your home buying experience. Home Buying Part I

Stories From Home Buyers - Meet Kate's home buying visitors who tell their stories and give advice for buying a house. Home Buying Part II

Credit Answers by Kate - Improving credit could change your life. Find how to get more than temporary results.

FHA and VA Answers by Kate - Clear the fog. The low down on VA and FHA loan requirements.

PMI Answers by Kate - Private mortgage insurance, friend or foe? Do you know how to get rid of it?

ARM Answers by Kate - Do you have an adjustable rate home mortgage? You can ask Kate for help.

Answers by Kate For Seniors - Reverse Mortgage, the unique income answer for retirees.

How To Compare Mortgage Rates Online - You'll enjoy this collection of homeowner experiences while shopping for lenders.

Kate's Mortgage Advice Forum - Savvy home mortgage tips contributed by readers of this website.

Mortgage News Opinions - Bold opinions of Joe Public regarding mortgage and real estate news.

Website Answers by Kate - Yes... Readers even ask Kate how to build a website.