Lock Window checklist
Questions to ask a lender
Lock note
Ask each lender to put the lock terms in writing, including what happens if anything changes.
Last reviewed against the primary sources listed below.
The lock
- How long is the lock, and when does it start?
- Is there a fee to lock?
Changes
- What can make the locked terms change?
- What does an extension cost?
Float-downs
- Do you offer a float-down, and what does it cost?
How to use the answers
Enter the lock dates into the lock length planner to see whether they cover your closing.