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Lock and Shop and Rate Float Down

Stewart Sadler June 2022

I hope you are doing well and enjoying the summer. Things are still exciting in the mortgage world. Inventory is getting better every day, but rates are going up due to inflation. Hopefully we will see them calm down shortly, but I really do believe it is time to Marry the House and Date the Mortgage. I sent a video on this last week but it is a better time to buy due to less competition and rates will come down at some point so we can refinance into a better rate. For this week’s video I want to discuss 2 options that can help in a rising rate environment. The lock and shop and interest rate float down. Please see below and watch my video for more details. Please let us know if there is anything else we can do to help. Lock and Shop •60, 75, or 90-day locks •No upfront fee •Purchase / Primary residence only •Property must be identified at least 30 days before lock expiration •Jumbo not eligible Float Down •Lock your rate once you go under contract and if rates get .25% or more better you can float down to the lower rate for free

For more information, please reach out to Team Sadler. Weekly Newsletter

Stewart Sadler Managing Partner Cornerstone Mortgage Group ​ Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938

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