Some consumers are misled by advertising that quotes unrealistically low rates based on 15- or 30-day lock durations. This is called 'short-pricing.' The lender basically knows the borrower doesn't have time to meet their conditions and have all the necessary paperwork in order within that brief time period. As a result...Rate Lock Duration
Minnesota Mortgage! FHA VA Conventional and Down Payment Assistance Programs Expertise. Peter Boyle - 20 Years Experience! Senior Mortgage Officer - NMLS 218261. Group speaking engagements available.
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