One of our favorite days in the loan process is the day when we get to lock your loan. This means that you have decided to move forward, either with the home you are under contract to buy, or with the refinance you’ve been considering. We love this day!

In the video above, Ruby goes into details about specifics of what locking is, and what it means for you.

Short version: For purchases, locking your loan is something we do once you’re pre-approved and under contract on a home. For refinances, we do it once we’ve reviewed all your documentation and you’re ready to move forward! Locking protects you from any further market moves, and is what guarantees your interest rate.

Got questions? We’re always happy to chat!