Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
LendLink Financial, Inc.
Mortgage Banking MB License MB.6761027
Company NMLS 1162430
Illinois Residential Mortgage Licensee
Illinois Dept. Financial & Professional Regulation
James R. Thompson Center (JRTC)
100 W. W Randolph Street, 9th floor
Chicago, IL 60601
All Inquiries: 1-888-473-4858
Florida Mortgage Lender MLD1640
Florida Mortgage Broker MBR2730
For licensing information, go to:
Phone: (773) 304-3400
Fax : (773) 283-2788
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