Speak with a Mortgage Professional(630) 620-5200
Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
NMLS 191342 (www.nmlsconsumeraccess.org) For Licensing Information, go to: www.nmlsconsumeraccess.org
ILLINOIS RESIDENTIAL MORTGAGE LICENSEE - LIC # MB.0004233
* IL Dept of Financial & Professional Regulation (IDFPR), Division of Banking, Bureau of Residential Finance 555 W Monroe St, Ste 500, Chicago, IL 60661 #(888) 473-4858
INDIANA RESIDENTIAL MORTGAGE LICENESEE - LIC # 38385
FLORIDA RESIDENTIAL MORTGAGE LICENSEE - LIC # MLD2085
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