Rate Weather checklist
Questions to ask a lender
Forecast-free answer
Ask lenders how and when they price, so you can compare quotes taken at the same time.
Last reviewed against the primary sources listed below.
Timing
- What time of day do you set pricing, and how often do you reprice?
- Is this quote locked or floating?
Basis
- What credit score, down payment and loan type did you assume?
- Does this quote include points or credits?
Locking
- How long can I lock, and what does it cost to extend?
How to use the answers
Note the time of each quote so you compare quotes from the same market conditions.