Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs — Lock ‘N’ Sell rate lock program and forward commitments – by helping the borrowers secure lower mortgage rates.
The rate lock program allows builders to lock in a current rate for up to 120 days on individual homes. This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch.
The Lock ‘n’ Roll program is eligible for details ⇒
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