Due to the constant change in mortgage interest rates, we offer the option of "locking-in" a current rate to protect you against an increase during the loan process. After your loan rate has been locked, you will receive this rate and the discount points you requested, no matter which way the rates move. This means that when the loan closes, the rate will be the same as when you qualified.

You can lock-in an interest rate and discount points if you:

• Provide us with a purchases and sales agreement on the property you want to buy
• Submit a completed loan application
• Receive an initial loan approval on your loan application

Contact our mortgage loan department to request a rate lock once all these requirements are met. The interest rate is guaranteed after you satisfy all loan approval conditions and provide us with requested documentation, information, and certifications. Please allow us adequate time to process and fund the loan within the lock period.