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Question about lock-in fees!
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evenedan
Need a little sunshine
Member since 9/05 3843 total posts
Name:
D
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Question about lock-in fees!
Do all banks charge a lock-in fee? (The lender we are planning to go with charges anywhere from 1/2 a point to a point depending on how long the lock-in is good for). Is this the norm?
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Posted 3/16/09 11:39 AM  |
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Long Island's Largest Bridal Resource | Long Island Weddings |
VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: Question about lock-in fees!
We paid a 1/2 point to lock in our rate for our refinance this past Friday. I think it is the norm.
I also believe you get this lock-in money back, or it goes towards what you have to pa out of pocket for closing. (I think)
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| Posted 3/16/09 12:09 PM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: Question about lock-in fees!
We paid a lock in rate, but the $ went towards closing costs when we closed. I want to say it was $1600.
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| Posted 3/16/09 12:16 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: Question about lock-in fees!
We're doing TFCU, and they do charge to lock in, and the fee does not apply to closing costs.
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| Posted 3/16/09 1:27 PM |
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