An Introduction to Mortgage Locks

Explaining the fundamentals of mortgage locks and how they affect you.

If you're going to buy a home, should you lock in your mortgage? What is a mortgage lock, and how does it work? Today, I'll be discussing these things and more.

Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:

0:00 - Introduction

0:44 - What is a rate lock?

1:37 - An example of costs using life insurance

4:03 - How is this handled in a refinance?

4:42 - How does this work in a purchase?

5:43 - How do we know where rates are heading?

6:39 - An example of technical analysis

7:49 - Wrapping up

This is a complex and layered topic, so if you have any questions or mortgage-related needs, please don't hesitate to reach out - I'd be happy to help you! Call or email me anytime.