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To: HereInTheHeartland

Lender said fee was too high so h locked in a week later?


8 posted on 08/20/2013 6:57:10 AM PDT by w4women ("I believe the very heart and soul of conservatism is libertarianism" - Reagan)
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To: w4women

My guess is the loan officer screwed up and didn’t get her rate locked in.
I have been extremely careful as rates shot up not to do the same thing myself.

Ask if if she received initial disclosures such as a Truth in Lending (TIL) document (1 or 2 pages). The TIL lists the actual interest rate and the APR.
Also see if she received a Good Faith Estimate.

If those documents went out to her; she could force the issue and get her rate.

That’s assuming however my guess on getting the rate locked was the issue; and not some other issue was involved.


10 posted on 08/20/2013 7:04:44 AM PDT by HereInTheHeartland (Just wanted to say I hope you great NSA folks are enjoying my posts here.)
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