{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5bee78cbe5a2aa9e5bfdbcd1/5cc2e6c485f98064614df394?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"053 - Interest rate locks  With James Jay","description":"<p>In today’s episode, James will be talking about locking in your interest rate. Not as easy as it sounds but it is very important.</p><p>Tune in now and get tips on how and when to do it!</p><p><br></p><p><strong>QUOTES</strong></p><p><em>“Offering an actual rate lock cost the lender money when that happens. ”</em></p><p><em>“By committing funds to lend to you, the lender is unable to use it for anything else until your loan actually closes.”</em></p><p><em>“Ultimately it is the buyer’s responsibility to lock in interest rate.”</em></p><p><br></p><p><strong>MENTIONS</strong></p><ul><li><a href=\"http://www.myhoustoninsideout.com\" target=\"_blank\"><strong>www.myhoustoninsideout.com</strong></a><strong> </strong></li></ul><p><br></p><p><strong>SHOW NOTES</strong></p><ul><li>[0:01:15.0] What an “interest rate lock” is</li><li>[0:01:50.0] How to lock it for a longer period of time</li><li>[0:02:06.0] What happens to the fund when it’s locked in</li><li>[0:02:59.0] Things could happen to stop the process</li><li>[0:03:35.0] When should you lock in your mortgage rate?</li></ul><p><br></p><p><br></p><p><strong>If you like this podcast, please do not forget to like, share, or comment!&nbsp;We appreciate your support and feedback!</strong></p>","author_name":"James Jay Barnes"}