Unlike many lenders, BIZ Inc. does not charge lock-in fees. You can lock anytime you locate a property, or start your refinancing process, up until ten business days before the closing. You can select a specific length of time for your lock, usually 15, 30 or 60 days. Before choosing a lock-in period, ask us to … Read more
Locking ensures that your loan pricing will be unaffected during the lock-in period by giving you a specified period of protection from financial market fluctuations in interest rates. Your final rate, which may not be determined until closing, will reflect the pricing that was available at the time you locked. Floating – or not locking … Read more
The amount you’ll need to close your loan includes your down payment, closing costs, and prepaid amounts for property taxes , and insurance escrow accounts. We will provide you with a good faith estimate (GFE) of settlement costs when your loan application is accepted. Within 24 hours of your closing, the closing agent will provide … Read more
Interest rates are influenced by the financial markets and can change daily – or multiple times within the same day. The changes are based on many different economic indicators in the financial markets. View our current interest rates.