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FAQ'S
Why use a mortgage broker?
How long will the process take?
When can I lock my rate?
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What is a yield-maintenance prepayment penalty and how is it calculated?
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How can you make your commercial mortgage closing go more smoothly?

When can I lock my rate?When can I lock my rate?

This varies from lender to lender. In some cases the answer is immediately (meaning within a day or two of initial submission), and in others it may take three or four weeks from a borrower's acceptance of a formal application until the lender delivers a commitment letter at which time the borrower may elect to lock the rate.

 
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