Lock and Shop
Purchasing a home can feel like a difficult and stressful process, but it doesn’t have to be. Our team offers a product called "Lock & Shop" to help borrowers cope with rising interest rates. As a homebuyer you can lock in today's low interest rate up front and continue to search for your future property.
Most mortgage programs require a purchase contract before you can lock in your interest rate. This is not required with our “Lock & Shop” program! Have peace of mind while you shop knowing your interest rate is locked in. The longer lock term will give you more time to discover a home, sign a purchase agreement, and close on your chosen property.
Should interest rates continue to rise, our “Lock & Shop” program could save you money. You will know exactly what your purchasing budget is and have the advantage of being pre-approved before making an offer. You may worry about being stuck with a higher interest rate if the rates decrease after you lock in. The “Lock & Shop” program allows you one free float down of your interest rate within two weeks prior to closing.