Never miss out on mortgage rates dropping
Rate defense
At District Lending we have the ability to renegotiate your rate lock if rates move lower while we are processing your loan. Never miss out on rates dropping again!*
Apply now*· 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.
