Cherry Creek Mortgage
Videos 24 September 2018

Locking Interest Rates 101

 

Our very own Duane Duggan sits down with Jessica Shanahan of Premier Lending to discuss the hot topic of locking interest rates. How is a "lock" defined financially? Are there any requirements that need to be met in order to be eligible for a lock? How long do locks generally last? How does the length of a lock relate to the quality of the interest rate? Lastly, are borrowers charged for these locks?