Fairway's Lock, Shop & Go program
Buying a home is a significant investment, and it can be a stressful process. From finding the right property to securing a mortgage, there are many factors to consider. One of the most significant concerns for many homebuyers is the fear of interest rates rising before they can close on their loan. Fortunately, Fairway Mortgage has a solution to this problem with their Lock, Shop & Go program.
Let Fairway's Lock, Shop and Go program bring peace of mind to the home-buying process:
The Lock, Shop & Go program allows homebuyers to lock in their interest rate for up to 90 days while they shop for the perfect home. This means that even if interest rates go up during that time, the homebuyer’s rate will remain the same. This provides a significant advantage for buyers as it allows them to budget and plan more effectively without worrying about rate fluctuations.
One of the key benefits of the Lock, Shop & Go program is that it allows homebuyers to make a more informed decision about their purchase. By locking in their rate, they can focus on finding the right home without the added stress of worrying about interest rate increases. This can be especially beneficial for first-time homebuyers who may not be as familiar with the market.
Another advantage of the Lock, Shop & Go program is that it can save homebuyers money in the long run. By locking in a low-interest rate, buyers can potentially save thousands of dollars over the life of their loan. This can make a significant difference in the overall cost of homeownership and can help make it more affordable for many buyers.
In conclusion, the Lock, Shop & Go program offered by Fairway Mortgage is an excellent option for homebuyers looking to secure their rate while they shop for the perfect home. This program provides peace of mind and can save buyers money in the long run. If you’re in the market for a new home, consider using the Lock, Shop & Go program to make the process less stressful and more affordable.
Lock, Shop & Go FAQs
Fairway’s Lock, Shop & Go program is offered on Conventional, FHA, VA, and USDA fixed-rate mortgage loans. It allows borrowers to lock an interest rate for a period of up to 90 days with no obligation or cost. Keep it if rates increase or lower it if rates improve, either way, you’re protected. Available on purchase transactions only