What is a rate lock period? How can you make sure your rate is low?

A rate lock or a rate commitment is a lenders promise to hold a certain interest rate and a certain number of points for you for a specified period of time while your application is processed. This prevents you from going through your whole application process and at the end of it finding out the interest rate has gone up.

A rate lock period can vary in length, and longer ones usually cost more. A lender will agree to hold your interest rate and points for a longer period, say 60 days, but in exchange the rate and maybe points are higher than with a shorter rate lock period, for example.

There are many ways besides opting for a shorter rate lock period to get a lower rate, though. A larger down payment will result in a lower interest rate than a smaller one, because youre starting out with more equity. You can pay points to lower your rate over the life of the loan, but that means you pay more up front. For many people, this makes sense and is a good deal.

Closing costs are fees paid by the lender, which the lender in turn charges you to close the loan. Many people pay closing costs when they sign on the dotted line, but a person can also finance their closing costs. Paying closing costs when the loan closes will reduce your interest rate.

Finally, the interest rate a lender is willing to offer you depends on your credit score and your debt-to-income ratio. If you have good credit and your income far exceeds your debt obligations, you will qualify for a lower rate.

  "You Can Leave Me A Loan"®

For Our Freedom!!!!!

We must always remember and honor those who have shown their lives served a higher purpose and that their calling was to put country first.

We pray for the safety of those who serve in our military and stand in harm’s way  We pray for their families for strength and blessing and courage as they sacrifice so much.  We pray for peace and safety for the most blessed nation on earth. 

Show your gratitude to a veteran who lost a comrade in arms or to the spouse or child of a fallen hero.

 

If Americans will once again be
"One Nation Under God",  
God will Bless America, AGAIN!

"KLCSLOANTEAM and Korene Clopine-Seaman are a mortgage team that invests itself with their client's and referral partners business. They are just not providing mortgage information, education and services, they have built relationships in our business and invested in providing services that helps us deliver our core mission to provide the services that meets our client's needs in line with our company culture and values"

 
W. J. Bradley Mortgage Capital LLC. is a direct mortgage lender with lending authorization for Conventional, HUD, FHA, VA, USDA, and Jumbo real estate loans lending with offices in various locations focusing on providing  to the people in the communities we serve throughout the United States mostly in the Southwest. We are available to help borrowers achieve the dream of home ownership and assist them as they take advantage of today’s real estate investment opportunities and mortgage rates.

The KLCSLoanTeam and the support staff are highly trained in all of the various loan products currently available.  We are well prepared to answer any questions you may have about buying a home or to assist you with analyzing your current home loan. Simply put, we are here to help you make informed right-fit mortgage decisions.

The customer experience is our number one priority. Communication is a very important part of our business model and our unique loan process, and our investment in technology reflects just that. We have mastered the ability to effectively communicate with all parties involved on each and every transaction keeping everyone up-to-date from the first phone call through funding. Our goal is to use all of our resources to make your transaction as smooth and efficient as possible.

With the experience, resources and exceptional service standards, you will see why we deliver…simply better home loans as we are working to serve our customers, clients, and referral partners.  This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.

W J Bradley Mortgage Capital LLC
NMLS# 3233
9237 East Via De Ventura, Suite 100
Scottsdale, AZ 85258
Direct Office Phone:(623) 340-0934
Fax: (623) 218-1807
AZ License # BK-0903998;
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002;
FHA Approved

NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.


*Korene L. Clopine-Seaman is working with and as the Team Manager of KLCSLoanTeam.  She is licensed to originate mortgages in Arizona and California:
AZ LO-0916745
CA: DOC-218520
 

© 2012 W.J. Bradley Mortgage Capital, LLC 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Colorado Supervised Lender License #991424; Florida Mortgage Lender Servicer license #MLD738; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500, Centennial, CO 80111; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-NMLC; Utah Consumer Credit Notification; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.


Trade/service marks are the property of W.J. Bradley Mortgage Capital LLC. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.  This is not a commitment to lend. Restrictions apply.  All website Trade/service marks not related specifically to W.J.Bradley Mortgage Capital LLC are the sole and separate property of KLCSLoanTeam and Korene L. Clopine-Seaman.    Korene L. Clopine-Seaman is employed by W.J.Bradley Mortgage Capital LLC as a mortgage originator.  All KLCSLoanTeam © 2012 rights reserved. 

Korene L. Clopine-Seaman  is not acting on behalf of or at the direction of HUD/FHA or the federal government.© 2012 NMLS ID 218520.


W J Bradley Mortgage Capital LLC Attn: Korene Clopine-Seaman 9237 E. Via de Ventura Blvd Ste 100 Scottsdale, AZ 85258
Phone: Cell: Fax:

Copyright © 2012 W J Bradley Mortgage Capital LLC
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