Lender’s Corner: Lock In Today’s Interest Rate While Shopping For Home

by | Jun 12, 2014 | Blog, Mortgage & Finance | 0 comments

Lender’s Corner: Lock In Today’s Interest Rate While Shopping For Home - Remax of Cherry Creek, denver real estateDid you know that an interest rate increase of just 0.25% can result in a $12,000 loss of home purchasing power and increased payments?

In today’s uncertain interest rate environment, Megastar’s Lock & Shop allows you to lock in today’s low rate BEFORE you have your dream home under contract. Borrower must obtain Credit Approval from Megastar Financial before locking.

Credit Approval greatly strengthens your offer in this extremely competitive market. Today’s housing inventory is about 60% less than it was just last year. With fewer properties available, the ability to close fast with an approved loan (not just pre-qualified) makes your offer more attractive to sellers.

The Lock & Shop program is available for conventional and FHA fixed rate products. Product loan limits and additional requirements apply.

For more information on this or other lending questions, call or email Sean Mahoney or Cameron Burl mahoney@megastarfinancial.com, cburl@magastarfinancial.com, 303-321-8800.

Megastar Financial Inc.
1080 Cherokee Street, Denver, CO 80204
LMB 100019880 NMLS 244415

Get more tips about financing your home at RE/MAX of Cherry Creek’s blog.

RE/MAX of Cherry Creek
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