Rate Lock AgreementRate Lock Agreement • June 14th, 2022
A lock is an agreement between the Broker and Newfi Wholesale. It specifies the number of days for which a loan's interest rate is guaranteed. If interest rates rise during that period, Newfi Wholesale is obligated to honor the committed rate. Likewise, if interest rates fall during that period, the Broker must also honor the lock. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are also not transferable. Locks are tied to the property, not the borrower. Brokers should make every effort to close with Newfi Wholesale all loans locked at Newfi Wholesale. It is also requested that Brokers actively manage their locked pipelines and cancel any locked loan that has been withdrawn by the customer.
Rate Lock AgreementRate Lock Agreement • February 18th, 2022
A lock is an agreement between the Broker and Newfi Wholesale. It specifies the number of days for which a loan's interest rate is guaranteed. If interest rates rise during that period, Newfi Wholesale is obligated to honor the committed rate. Likewise, if interest rates fall during that period, the Broker must also honor the lock. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are also not transferable. Locks are tied to the property, not the borrower. Brokers should make every effort to close with Newfi Wholesale all loans locked at Newfi Wholesale. It is also requested that Brokers actively manage their locked pipelines and cancel any locked loan that has been withdrawn by the customer.
Rate Lock Agreement 2Rate Lock Agreement • February 6th, 2024
A lock is an agreement between the borrower and Keystone Funding. It specifies the number of days for which a loan's interest rate is guaranteed. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are non‐transferable and are tied to the subject property, not the borrower. Originators should make every effort to close all loans locked under original terms. It is also requested that Originators manage their locked pipelines and cancel any locked loan that has been withdrawn by the borrower immediately.
RATE LOCK AGREEMENT/DISCLOSURE FORMRate Lock Agreement • November 18th, 2016
We have chosen to LOCK our loan, and have completed a rate lock agreement with America Home Mortgage Corporation. A copy of purchase agreement is required to be delivered at time of locking to America Home Mortgage Corporation. A completed loan application must be done on the day of locking.
Rate Lock AgreementRate Lock Agreement • October 4th, 2017
A lock is an agreement between the Broker and Newfi Wholesale. It specifies the number of days for which a loan's interest rate is guaranteed. If interest rates rise during that period, Newfi Wholesale is obligated to honor the committed rate. Likewise, if interest rates fall during that period, the Broker must also honor the lock. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are also not transferable. Locks are tied to the property, not the borrower. Brokers should make every effort to close with Newfi Wholesale all loans locked at Newfi Wholesale. It is also requested that Brokers actively manage their locked pipelines and cancel any locked loan that has been withdrawn by the customer.
Rate Lock AgreementRate Lock Agreement • May 27th, 2021
A lock is an agreement between an approved TPO and South State Bank, N.A. securing an interest rate on a specific program for a predetermined number of days.
Rate Lock Agreement 2Rate Lock Agreement • February 11th, 2022
A lock is an agreement between the borrower and Keystone Funding. It specifies the number of days for which a loan's interest rate is guaranteed. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are non‐transferable and are tied to the subject property, not the borrower. Originators should make every effort to close all loans locked under original terms. It is also requested that Originators manage their locked pipelines and cancel any locked loan that has been withdrawn by the borrower immediately.
RATE LOCK AGREEMENTRate Lock Agreement • April 1st, 2016
This refers to the Proposal Letter (“PL”) we (the “Bank”) issued to you (the “Applicant”) on April 1, 2016 in connection with Applicant’s request for a first mortgage commercial loan to be secured by a deed of trust on property located at 1710 Palmyrita Ave., Riverside, CA 92507 under the terms set forth in the PL, in the principal sum of $1,400,000 (the “Loan”). Applicant has requested that the Bank agree to the Loan at a rate of interest of 4.27% for a Ten Year Loan (the “Interest Rate Lock”), as described in the Proposal Letter dated April 1, 2016. This letter will confirm that the Interest Rate Lock will apply to the Loan but only if the Bank decides to make the Loan, in its sole and absolute discretion. THIS LETTER IS NOT A COMMITMENT BY THE BANK TO MAKE THE LOAN.
Rate Lock AgreementRate Lock Agreement • May 19th, 2023
A lock is an agreement between the Broker and Newfi Lending. It specifies the number of days for which a loan's interest rate is guaranteed. If interest rates rise during that period, Newfi Lending is obligated to honor the committed rate. Likewise, if interest rates fall during that period, the Broker must also honor the lock. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are also not transferable. Locks are tied to the property, not the borrower. Brokers should make every effort to close with Newfi Lending all loans locked at Newfi Lending. It is also requested that Brokers actively manage their locked pipelines and cancel any locked loan that has been withdrawn by the customer.
Rate Lock AgreementRate Lock Agreement • January 8th, 2019
A lock is an agreement between the Broker and Newfi Wholesale. It specifies the number of days for which a loan's interest rate is guaranteed. If interest rates rise during that period, Newfi Wholesale is obligated to honor the committed rate. Likewise, if interest rates fall during that period, the Broker must also honor the lock. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are also not transferable. Locks are tied to the property, not the borrower. Brokers should make every effort to close with Newfi Wholesale all loans locked at Newfi Wholesale. It is also requested that Brokers actively manage their locked pipelines and cancel any locked loan that has been withdrawn by the customer.
Rate Lock Agreement – Washington StateRate Lock Agreement • May 15th, 2019
The state of Washington requires the borrower(s) be provided the Rate Lock Agreement disclosure within three (3) business days from when the rate is locked.
Rate Lock AgreementRate Lock Agreement • June 9th, 2015 • Florida
Rate Lock AgreementRate Lock Agreement • June 8th, 2020
A lock is an agreement between the Broker and Newfi Wholesale. It specifies the number of days for which a loan's interest rate is guaranteed. If interest rates rise during that period, Newfi Wholesale is obligated to honor the committed rate. Likewise, if interest rates fall during that period, the Broker must also honor the lock. Locking in a rate and price does not guarantee eligibility or approval of the subject loan. Locks are also not transferable. Locks are tied to the property, not the borrower. Brokers should make every effort to close with Newfi Wholesale all loans locked at Newfi Wholesale. It is also requested that Brokers actively manage their locked pipelines and cancel any locked loan that has been withdrawn by the customer.
ADDENDUM TO RATE LOCK AGREEMENTRate Lock Agreement • July 11th, 2016
If your Rate Lock Agreement includes a refundability provision, that provision is deleted in its entirety and replaced with the language below.
RATE LOCK AGREEMENTRate Lock Agreement • September 11th, 2019
Listed below are the rate lock options for your mortgage. Your interest rate will be locked at the effective market rate posted on the day that your 1) complete application package and 2) fully completed Rate Lock Agreement are received by our office Monday through Friday from 9:00 am to 4:00 pm. Please complete the following information and check the box next to the option of your choice. Completed Rate Lock Forms may be faxed to 802‐371‐6106.
RATE LOCK AGREEMENTRate Lock Agreement • October 30th, 2023
, hereinafter referred to as the “Lender”, and the borrower(s), , purchasing the property located at , hereinafter referred to as the “Borrower”, and collectively with the Lender referred to as the “Parties”.
Rate Lock Agreements –Rate Lock Agreement • November 13th, 2022
This article discusses the basics of rate lock agreements and why it’s advantageous for investors to work with a lender that offers an interest rate lock option.
WHAT IS A RATE-LOCK AGREEMENT?Rate-Lock Agreement • March 22nd, 2021
A rate-lock agreement is a document provided by your bank when you are fixing in your loan (or a portion of your loan). It can be “locked in” up to 60 days in advance of your loan coming to the end of its fixed rate period.
Rate Lock AgreementRate Lock Agreement • July 7th, 2022 • New York
Bank of Sydney Ltd ABN 44 093 488 629 AFSL & Australian Credit Licence 243 444Rate Lock Agreement • December 22nd, 2021
Your Details Applicant 1 DetailsAccount Number or Loan ID Number(if existing customer) Title Mr Mrs Ms Miss Other First NameMiddle Name Surname (complete below for NEW customers only) Phone Number Mobile Number EmailResidential Unit Street Number AddressStreet NameSuburb State Postcode Country Applicant 2 DetailsAccount Number or Loan ID Number(if existing customer) Title Mr Mrs Ms Miss Other First NameMiddle Name Surname (complete below for NEW customers only) Phone Number Mobile Number EmailResidential Unit Street Number AddressStreet NameSuburb State Postcode Country Your Rate Lock Amount to be fixed $ Fixed Interest Rate %p.a.Product Type Fixed Interest Rate Term Years Rate Lock FeeA fee of 0.20% of the fixed amount or $395 (the higher amount) is payable with your signed Rate Lock Request Form Rate Lock Fee $Date Agreement Prepared Payment Options Cash*Please debit my BOS Account Number Cheque*(payable to Bank of Sydney Ltd)Credit BOS Rate Lock Fee Account Account Name: Rate Lock
BETHPAGE FEDERAL CREDIT UNION RATE-LOCK AGREEMENT FORMRate-Lock Agreement • October 20th, 2011
**70 days only available at time of initial application** BUY-DOWN Request (only applicable if interest rate is currently locked) INTEREST RATE: % DISCOUNT POINTS REQUESTED:
RATE LOCK AGREEMENTRate Lock Agreement • April 2nd, 2021
If the mortgage loan is not closed, for any reason, within the Lock-in period, the mortgage lender is no longer obligated by the lock-in agreement.
BULLETIN #40 RATE LOCK AGREEMENTSRate Lock Agreement • March 3rd, 2022
This disclosure statement clearly indicates the customer’s responsibilities; the bank continues to retain responsibility for performance by its staff, attorneys, and third party contractors it retains (such as title abstracters, surveyors, appraisers, etc.). It is recommended that similar disclosures be provided to all consumers who wish to enter into rate lock agreements.
