1. Lock and Shop
This is where you can hold the rate for 90 days, with the option to extend it for 30 more while you are under contract. If rates go up, you are locked in, if they go down, we can renegotiate the rate.
2. TBD Underwrite
This goes hand in hand with Lock and Shop. We gather all of your information, submit it to an underwriter, and then you can be fully underwritten and are viewed as being the same as a cash offer. Some of these transactions are closed in 8-10 days.
3. Knowing Your Needs vs. Wants
Once you have that defined and the first two steps handled, you can move quickly to secure your home.
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Nicole Rueth (NMLS 239840) is licensed to practice on behalf of OneTrust Home Loans (NMLS 46375) in the states listed below. For full compliance verbiage, visit theruethteam.com/compliance/.
AZ, CA, CO, FL, ID, IL, IN, KS, MI, MN, MS, MO, MT, NE, NM, NC, OK, OR, TN, TX, UT, VA, WA, WI, WY.
