quick question: Can I lock in a rate with more than one bank?
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Anonymous
|
This is probably a dumb question, but we're trying to refinance - we locked in a rate last night, but the second bank came back with a much better rate this morning.
At what point in the process do I have to decide which lender to go with? Thanks! |
Anonymous
| I think you can generally withdraw a loan app and the issue is whether you have paid, or promised to pay, an application/appraisal fee. |
Anonymous
| GO back to Lender A and ask them to match B's offer. |
Anonymous
| Ditto what 10:55 said. We did that and Bank A matched the new offer. |