Can you lock your mortgage rate before finding a home?
A lot of banks are allowing this nowadays. Shop for your home worry free. Normally most banks require you to have a property in contract to lock your interest rate.
With rates increasing your lender may be able to lock in your rate for up to 4 months in advance.
This way you do not have to worry about rates increasing while you’re finding the perfect home for you, just one more tool to buy a home more stress free.
Please reach out to your Loan officer or Real Estate professional for more details. Insatgram: @Brandon.rizk.lv