Feb
09
2012

Expired Rate Lock Can Cost You

Just received this from a mortgage broker with RPM Mortgage in Berkeley:

“Keep in mind that there will be a pretty hefty lock extension fee  if an escrow extends past the original lock period. Any delays could be quite costly to the buyer.”

Attention buyers: don’t delay on jumping in and starting your inspections and negotiations, and be you and your agent stay on top of your escrow timeline.

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