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Interest Rate Loan Locks

Your interest rate CAN be locked in advance! This guarantees your monthly mortgage payment amount so there are no nasty surprises at closing. ("I'm sorry, your payment is now $200 more per month because rates have gone up 3% since you started your loan application.") Usually this can be done with no charge up to 30 days before the closing date.

Apply Online for a Mortgage from from local Las Vegas mortgage lenders with the lowest rates and fees in town.

If you are buying new construction or a short sale which might not close for another 4 to 6 months, there is usually an option available for a cost through your lender to lock your rate further in advance. This can be especially smart in inflationary times when the Federal Reserve keeps raising rates to slow the economy. Be sure to ask how much it would take to lock in your mortgage loan in advance. You can then decide if it is worth it to lock in a potentially lower rate.

The advantage to locking your rate is that you have the peace of mind of knowing what your payments will be, and if interest rates skyrocket before you can close, your payment will still remain affordable. Of course the reverse is true - if you lock in your rate and rates go down prior to closing, you are stuck with the higher rate.

Easy Online Mortgage Application

Feel free to fill out the information below, and we will have a mortgage consultant call you about the pros and cons of locking in mortgage loan rates based on your specific needs.

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