Lock Agreement
By using a Rate Lock agreement, it will protects you from rate fluctuations for the duration of the lock period. It guarantees that Crescent Mortgage and any lender will offer you a specific combination of interest rate and points. A point is a fee or rebate equal to 1 percent of the loan amount.
If market rates rise after the rate is locked, you will still get the lower rate as stated to in the Lock Agreement. In addition, the Rate Locak agreement lasts for a specific time period, typically 10, 15, 30, 45 or 60 days.
Download the Lock Agreement >
If market rates rise after the rate is locked, you will still get the lower rate as stated to in the Lock Agreement. In addition, the Rate Locak agreement lasts for a specific time period, typically 10, 15, 30, 45 or 60 days.
Download the Lock Agreement >
822 North Irving St. Arlington, VA 22201 |
Crescent Mortgage Company is licensed by the Virginia State Corporation Commission as MC-1925.
Crescent Mortgage's NMLS ID is 219098 Crescent Mortgage's company ID is 316377 (www.nmlsconsumeraccess.org) |