YOUR INTEREST RATE WON’T GO UP JUST BECAUSE YOUR CLOSING IS DELAYED.

In fact, your rate may even go down! The Embrace Home Loans Extended Rate Lock program will lock your rate for up to 270 days (9 months), allowing you to buy with confidence and ease.

TODAY, USING EXTENDED RATE LOCK IS MORE IMPORTANT THAN EVER.

Interest rates can rise dramatically in a short period of time. Without locking and protecting your interest rate, you could find yourself facing higher payments and maybe even risking your qualification status. Borrowers worry a lot about how much interest rates could change while they’re waiting for their new home construction to be completed, for the closing of their short sale or foreclosure purchase, or for any other reason a closing might be delayed. Our Extended Rate Lock program takes that worry away, and applies to any home under contract.

HOW DOES EXTENDED RATE LOCK WORK?

It’s as simple as 1, 2, 3:

1. Once you’re under contract, we can lock your interest rate for up to 270 days (9 months).

2. If interest rates continue to increase, your rate is protected.

3. If interest rates drop, your rate may drop too!

Which buyers would benefit from this program?

• Purchasing a new construction home

• Purchasing a short sale or foreclosure

• Anyone anticipating delays in their closing

• Contingent on selling their own home

Call us today for more details on this program.