p*******p
发帖数: 220 | 1 1) can rate be locked before appraisal?
2) If 1) is yes, here is the further question. for example, the locked rate is lower because it is based on the condition LTV<0.6. After appraisal, the real LTV >0.6,i.e. the condition LTV<0.6 is not satisfied.
Then what will happen to the locked rate? low down the locked rate? or need to re-lock the rate? | B*******l
发帖数: 199 | 2 yes, it surely can be locked before appraisal.
Even a rate is locked, everything can be changed except expiration date. So
in your example, the rate can be changed if LTV changes | b*d
发帖数: 9308 | 3 1. 可以。
2. 你锁的利率会根据appraisal value发生变化。
rate is lower because it is based on the condition LTV<0.6. After appraisal,
the real LTV >0.6,i.e. the condition LTV<0.6 is not satisfied.
need to re-lock the rate?
【在 p*******p 的大作中提到】
: 1) can rate be locked before appraisal?
: 2) If 1) is yes, here is the further question. for example, the locked rate is lower because it is based on the condition LTV<0.6. After appraisal, the real LTV >0.6,i.e. the condition LTV<0.6 is not satisfied.
: Then what will happen to the locked rate? low down the locked rate? or need to re-lock the rate?
| k******o
发帖数: 3328 | 4 1) Of course.
2) The rebate will be adjusted accordingly, the rate remains unchanged (since LTV < 60% normally just have 0.25% rebate difference for 30 year fixed).
rate is lower because it is based on the condition LTV<0.6. After appraisal,
the real LTV >0.6,i.e. the condition LTV<0.6 is not satisfied.
need to re-lock the rate?
【在 p*******p 的大作中提到】
: 1) can rate be locked before appraisal?
: 2) If 1) is yes, here is the further question. for example, the locked rate is lower because it is based on the condition LTV<0.6. After appraisal, the real LTV >0.6,i.e. the condition LTV<0.6 is not satisfied.
: Then what will happen to the locked rate? low down the locked rate? or need to re-lock the rate?
| d******n
发帖数: 2712 | 5 可以lock rate，大部分broker loan都是先lock rate，后做appraisal的。
如果房价低了，那么会根据rate lock当天的rate sheet上浮，或者让LZ买点，出0.25
个point维持原利息。 |
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