+3 votes
by (3k points)
Guys I need your opinion. I'm currently having a home built. I asked about trying to lock in the lower rates but with our house being more than 90 days from completion she mentioned I may have to pay extension fees. I haven't asked what those fees may be yet. So I guess my question is; do I hold off and hope for lower rates closer to my expected closing/completion date or try to lock in the current rates and pay the extension fees?  
Guys I need your opinion.

1 Answer

+2 votes
by (4.1k points)
Someone I know is in same situation they locked today 30 year 3. 25 % fee was . 3%
by (3k points)
@spelunker9 . 3% of the loan?  
by (4.1k points)
@kex1167 from what I understand it was . 6 but the mortgage company split the cost w them to . 3 each of the loan amount
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