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Do You Have
A Question?
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We offer a complete line of Texas mortgage loans, Texas
home equity loans and Texas mortgage refinance loans for all types of borrowers
with low Texas mortgage rates.
Locking a rate
Rates are subject to time and fluctuation. It’s important to lock a rate so the
worst
doesn’t occur. In the case of rising rates, locking a rate can mean you won’t
loose the
low rate you were quoted by your loan officer or mortgage broker. It’s a simple
process
and doesn’t involve a commitment until you have decided to follow through with
the loan
based on the terms and the interest rate.
What do you do? Give the loan officer your full name and current address along
with
social security number. You also need a property address. You can’t lock a loan
without a
property to buy or refinance.
Floating a rate
Some lenders will let you float your rate in case rates get better. Essentially,
you
start out at any given rate and if and when rates get better later on in the
process,
your mortgage person will obtain the lower rate with the accompanying terms.
Lock today!
Today's rates
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