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Can I lock in my interest rate so Im sure to get the rate I was quoted?

April 26, 2017Interest rate lock quoted rate sure

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Can I lock in my interest rate so Im sure to get the rate I was quoted?

1 Answer

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Yes. You may lock in your interest rate as soon as your loan is approved and you pay the application deposit to cover the cost of your appraisal. The application deposit is simply the appraisal cost estimate and will be credited to the actual appraisal cost at your closing.