What happens if the rate goes down?
Great question! If interest rates start to go down, I can then get your rate dropped to the lowest rate 🙂
When you buy a home, you want to lock in a mortgage rate that is favorable to you. A rate hold allows you to do this.
A rate hold is an agreement between you and a lender that guarantees a certain interest rate for a specified period of time, usually 120 days. This gives you time to shop for you home without having to worry about rising interest rates. If interest rates start to go down, we will have your rate dropped to the very best available when you find the perfect home.
We can also help set you up with and expert real estate agent to make this process fun and smooth.