Absolutely. PRMI provides a variety of options to lock in your interest rate. Locking your rate means that the lender is agreeing to provide you with your mortgage at that particular rate, and that it won’t go up (or down) between the time you lock it and the time that you close on your home. If your mortgage is fixed-rate, your interest rate will remain the same throughout the life of the loan. Mortgage interest rates fluctuate constantly, and you don’t want to start shopping for a house operating under a certain interest rate assumption, only to be unpleasantly surprised that interest rates have risen during your house hunt.
Storehouse Mortgage is an assumed business name of Trinity Oaks Mortgage, LLC NMLS #1443326 in the State of Texas. All information contained herein is for informational purposes only. Rates, terms programs shown do not demonstrate all options or pricing structures. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions apply. Storehouse Mortgage is an assumed business name of Trinity Oaks Mortgage, LLC NMLS #1443326 in the State of Texas.
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