Refinancing A Mortgage: How It Works | Rocket Mortgage
https://www.rocketmortgage.com/learn/how-does-refinancing-work
ApplyingLocking in Your Interest RateLock Your Refinance RateFloat Your RateUnderwritingHome Appraisal Rate locks last anywhere from 15 to 60 days. The rate lock period depends on a few factors like your location, loan typeand lender. Youmay also get a better rate by opting to lock for a shorter period of time because the lender doesn’t have to hedge against the market for as long. Be warned, though: If your loan doesn’t close before the lock period...
Rate locks last anywhere from 15 to 60 days. The rate lock period depends on a few factors like your location, loan typeand lender. Youmay also get a better rate by opting to lock for a shorter period of time because the lender doesn’t have to hedge against the market for as long. Be warned, though: If your loan doesn’t close before the lock period...
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