These features are the loan purpose, purchase price or property value, down payment, loan amount, property ZIP code, FICO score, type of property, type of occupancy, lock period
and escrow waiver.
The entry point to invest in a PE is $250,000 with a lock period
of a minimum 8 years.
Enables consistent security policy enforcement, strong password policy and lock period
, control and installation of applications, blocking use of cameras, browsers, and sites such as YouTube
The transaction may be completed at any time before the lock expires, or customers may choose an auto-ticketing feature which tickets at the end of the lock period
Using a highly sophisticated algorithm, myLender performs a best execution complete with loan-level adjusters for every possible note rate and lock period
combination across all possible products and investors, and concisely displays the results in one of the six views.
If rates fall during the lock period
, the borrower can "float down" to the lower rate within 60 days of closing.
The identity of the brokers and wholesalers are not disclosed until a bid is submitted and accepted, A bid includes program requirements, rate, points, foes, lock period
and delivery instructions.
This includes loan purpose, property value, down payment, loan amount, property ZIP code, credit score, property type, occupancy type, lock period
and escrow waiver.
These include the loan amount, property value, type of property, ZIP code of property, lock period
, whether or not you are waiving escrow, your FICO score, and whether you are occupying the house or renting it.
Among other things, HUD's proposed RESPA reform rule would require a new, standard GFE that would disclose loan details--including loan amount, term, interest rate, initial payment, rate lock period
, whether payments can increase, prepayment penalty and whether or not there is an escrow for taxes and insurance.
The lock protects the applicant against the possibility of a rise in market rates during the lock period
that would make the mortgage less attractive and possibly unaffordable.