Home Loan Extended Rate Locks Explained | Mortgage Mark | Dallas, TX Mortgage Lender

Описание: Wondering how to lock in today’s mortgage rates for a new construction or long closing timeline? This video explains everything you need to know about extended rate locks, including how they work, how long you can lock for, and why they act like an insurance policy on your interest rate.

Whether you're building a home or planning ahead during rate uncertainty, this guide will walk you through your options. Learn the pros and cons of refundable vs non-refundable locks, how float-down options work, and when an extended lock might make the most sense for you.

👉 Learn more about locking your interest rate - https://mortgagemark.com/home-loan-pr...

Timestamps:
00:00 – Intro
00:07 – What Is a Rate Lock
00:36 – Standard Lock Durations
01:07 – What Are Extended Rate Locks
01:40 – Duration Options and Costs
02:25 – Refundable vs Non-Refundable Locks
03:03 – Locking Your Maximum Rate
03:26 – Float Down Option Explained
04:00 – Who Should Consider an Extended Lock

Hey folks! Mark Pfeiffer here, the face of Mortgage Mark based in Dallas, Texas and working all over the US! I'm here to help you get your mortgages done smarter, better, and faster with an experienced team who cares. I manage a whip-smart team ready to help you buy your next home and reach your goals. Contact us today to get the best lending experience you'll ever have!

Mark Pfeiffer, Mortgage Loan Originator, NMLS #729612
CMG Home Loans, NMLS #1820
5495 Belt Line Rd., Suite 140, Dallas, TX 75254
Office: 972.829.8639 | Cell: 972.898.2595 | Fax: 972.782.4803
Email: [email protected]
www.MortgageMark.com

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