Never miss out on mortgage rates dropping
*· Loans that are eligible for a new rate lock cannot be within 7 business days from closing.
· Since District Lending is a broker, we will have to move the file to a new lender and relock at current market rates.
· District Lending will not be responsible for missing a closing if we move file to new lender Borrower is responsible for working with real estate agent on moving the close date back if District Lending doesn’t think closing on time Is possible.
· New lock at new lender needs to be initiating by borrower.
· This policy may change at any time, for any reason, and without notice. It is your responsibility to check this policy often to ensure that you are aware of our latest policies.