How long of a lock should I take?
We offer locks for 30, 45, and 60 day periods. Refinance transactions may be locked at the time of loan application. Purchase transactions may be locked once you have an accepted offer on a property.
Most of our customers lock for 45-60 days which is plenty of time to close your loan as long as all parties do their part. On a purchase transaction, you want to make sure your lock period at least runs through the scheduled date of your closing. On refinance transactions involving the subordination of an existing second mortgage or home equity line of credit, we require a 60-day lock.