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For those refinancing-how long of a rate lock? cost?

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sasha96
lovin' my 2 little ladies!

Member since 5/05

7401 total posts

Name:
Julianne

For those refinancing-how long of a rate lock? cost?

I think DH and I will refinance our mortgage. If you are doing them same now, how long of a rate lock are you taking? Are you paying for it...could you tell me how much?

I know this is good to do but I have so much anxiety over making the right decisions!

Posted 3/27/09 12:57 PM
 
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VickiC
Rocking the party

Member since 5/05

4937 total posts

Name:
Vicki

Re: For those refinancing-how long of a rate lock? cost?

We did a 45 day rate lock and it cost us a 1/2 point.

We figured that if we needed to we'd pay for the extra 15 day extended lock rather than pay for it right off the bat. We get the initial rate lock $$ back, but not the extended money.

Message edited 3/27/2009 1:25:54 PM.

Posted 3/27/09 1:25 PM
 

ckone
LIF Adult

Member since 8/06

3014 total posts

Name:

Re: For those refinancing-how long of a rate lock? cost?

45 daysand 1/4 point

Posted 3/27/09 11:10 PM
 
 

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