Rate Lock or Risk? Understand the Rate Lock Process & Timing

Locking your rate is a great way to *manage interest rate risk. But did you know you can lock while still maintaining the flexibility* to settle on an exact final interest rate later? You can take your time with these important decisions, without foregoing the security of a rate lock. Nice, right? Hi! I’m Julee Felsman, and I’m here to make home financing easy to understand—and to help you buy a home you love. This video is part of a playlist I created to guide my clients step-by-step through the mortgage process, from accepted offer to closing day. Click here to watch the entire playlist: https://www.youtube.com/playlist?list=PLK5a62WXWP1wU9wr7dMKnjbZQYdI7bo1V But there’s more! Each video has a corresponding page on our website, with more information, additional resources, and FAQs. If you’re a client (thank you!), these resources are for you! *All about rate locks here:* https://workshopmortgage.com/rate-locks *Visit our home page:* https://workshopmortgage.com If you’re not a client (yet), let’s say “hi!” and talk through your situation. 📞 Call or text me at 503-799-3711 📩 Email me at [email protected] 🗓️ Schedule a call: https://calendly.com/juleef/let-s-say-hi 💻 Ready to apply?: https://rate.com/juleef Lending wherever you call “home” 🏠❤️ – in all 50 states. #mortgageprocess #homebuying #loanprocess #workshopmortgage #juleefelsman Julee Felsman, SVP of Mortgage Lending, NMLS 120831 Rate NMLS 2611 Equal Housing Lender 1300 SE Stark, Ste 111, Portland, OR 97214 www.nmlsconsumeraccess.org www.rate.com/licensing www.rate.com/privacy AK - AK120831, AL - 73482, AR - 117882, AZ - 1002329, CA - CA-DBO120831, CO - 100514850, CT - LO-120831, DC - MLO120831, DE - MLO - 120831, FL - LO66603, GA - 67474, HI - HI-120831, IA - 34589, ID - MLO-2080120831, IL - 031.0056868, IN - 42483, KS - LO.0039957, KY - MC713848, LA - Licensed, MA - MLO120831, MD - 120831, ME - Licensed, MI - 120831, MN - MN-MLO-120831, MO - MO-120831, MS - 120831, MT - 120831, NC - I-187748, ND - NDMLO120831, NE - Licensed, NH - Licensed, NJ - Licensed, NM - Licensed, NV - 65660, NY - Licensed, OH - MLO-OH.120831, OK - MLO21956, OR - Licensed, PA - 74700, RI - Licensed, SC - MLO - 120831, SD - MLO.09183, TN - 203658, TX - Licensed, UT - 12003187, VA - MLO-41738VA, VT - VT120831, WA - MLO-120831, WI - 120831, WV - LO-120831, WY - 8673 Information provided is for educational purposes only. It should not be construed as financial or legal advice or instruction. Rate does not guarantee or assume liability for the accuracy, completeness, or timelines of the information. You should conduct additional research before making any mortgage-related decisions. By refinancing, you may pay more in costs and interest over the extended term.