I am within the 30-day locking period in the middle of buying a house. How can I choose whether to lock the mortgage rate now or wait a couple of weeks?
You just tell your broker that you want to float the rate instead of locking it in. You don’t have to lock your rate until just before closing. Just be careful because rates may rise in that period of time. This answer is (useful somewhat useful incorrect offensive/spam) Add new answer Add new question Email me when a new answer is posted Top • What’s the difference between “taking title subject to” and assuming an existing loan? • Taking a title subject to is usually not used to define the status of a mortgage. It is more commonly used to refer to some condition that exists on the title to the property. i.e. an easement, common areas, etc. Taking title ‘subject to” a loan will leave you in a position of liability. If the seller has a loan they are supposed to continue to pay and don’t the home will be foreclosed on and sold. You don’t get to keep your “part” of the homeownership and they are under no obligation to reimburse you what you have spent towards buying the home. Further, if
