Extended Rate Lock Programs
Monument Mortgage would like to provide our clients with peace of mind and eliminate concerns in this rising rate environment.
Are you considering new construction? Are you worried about interest rate changes while waiting to close during the home build? Our Extended Rate Lock programs may be the perfect option!
Fixed rate programs offer extended lock options up to 270 days with a refundable deposit, applicable at closing.
Adjustable-rate programs offer extended lock options up to 240 days with a refundable deposit, applicable at closing.
Additional lock extensions are available with no upfront fees.
Interest Rate Float Down options are available if rates are lower, exercise within 30-60 days of the closing
The pricing for extended rate lock program will vary based on the length of the lock. The upfront fee is determined based on the number of extended days needed.
Please don't hesitate to call us to discuss how this can benefit your clients!