Lock & shop and tbd/scenarios

Give Your Borrower A Contingency Pre-Approval With The Security Of A Locked Interest Rate

You can now lock your borrowers' interest rate while they shop for their new home. Even without a formal offer on a property, Lock & Shop gives your borrowers rate security with 90-, 120-, 150-, 180-, 270-, and 365-day rate lock options. If the rates improve as your borrowers shop, you can float down to the better rate.