|
All agents are NOT alike! Find out why we are top real estate experts and how specialists can provide more. Call us: 505-252-7979.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
thinkNMhomes Team is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
|
Interest Rates >Locking in Loan Rates It is important for both new homebuyers and homeowners who want to refinance to understand how to lock in an interest rate when applying for a mortgage loan. Understanding how rate locks work prepares you to evaluate your options.
While you are in the process of applying for your mortgage loan, interest rates will most likely fluctuate from day to day and week to week. If you want assurance that the wonderfully low interest rate on your loan will not increase while you are waiting for loan approval, ask for a rate lock. A conventional rate lock is a guarantee from the lender that your mortgage will carry a particular interest rate, with specific, predetermined points and fees.
The interest rate is "locked in" for a specified period of time, usually thirty days. When you call a lender for a rate quote, ask how long that rate will last for. If you think you might need more than thirty days to complete your home purchase or refinance, tell your lender how many days you will require, and they will give you an adjusted rate quote.
Rate locks are especially useful if interest rates are on the upswing, and you are concerned about ending up with higher monthly payments. If you cannot afford the risk of a further interest rate increase, lock in your loan rate now.
|
| Q |
What has been described as the world's most beautiful building?
|
| A |
The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife. |
 See More Real Estate Trivia > |
|
|
thinkNMhomes Team
Realty
505-252-7979
Fax: 505-944-1073
info@thinkNMhomes.com
Albuquerque West Side Properties
The thinkNMhomes Team offers an Albuquerque West Side Properties Division. We are Your Albuquerque West Side Lifestyle Specialists for the Petroglyphs, Stormcloud, Sundoro North, Sundoro South, Prima Entrada, and Watershed. In our 6th year of knowing and loving the Albuquerque West Side market, we can provide information and resources whether you are new or moving up or down within the area. From new construction to resale homes… Our network within the community proves to help every one of our clients succeed in their real estate goals.   
www.thinkNMhomes.com
is brought to you by thinkNMhomes Team
NUMBER1EXPERT in real estate for Albuquerque, Albuquerque West Side and Santa Fe, New Mexico
Read thinkNMhomes Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT 
