Mortgage Rate Locks Explained!

05/11/2024 2 min

Listen "Mortgage Rate Locks Explained! "

Episode Synopsis

Tip Tuesday, 2-4 Min Real Estate Tips

In this week's Tip Tuesday, Ryan and Dana break down the essentials of **rate locks** and why they’re a crucial part of the mortgage process!💡

Ever wonder how to secure a lower interest rate on your mortgage, or what happens if rates go up during your loan process? A rate lock can protect you from these fluctuations! Ryan and Dana cover what a rate lock is, how it works, and the pros and cons of locking in your rate versus letting it “float.” This video will equip you with the knowledge you need to feel confident about your interest rate decision when financing your home.

Connect with Dana: https://danawilson.exprealty.com/holp/app

Connect with Ryan: https://www.facebook.com/thegilliamteam

This is a pre-recorded video. The information given in this video and/or any of our videos is not intended to promote the buying and/or selling or abstaining from buying and/or selling of any real estate. The primary purpose of this podcast is to educate and inform on a very specific market. This information should not be construed as advice. Please consult your attorney, CPA, real estate agent, or wealth manager directly in regard to any specific sale, purchase, or financial decisions you make based on the information provided in our videos.

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