|
Rates and prices are only available during
times indicated on each AmericaHomeKey rate sheet. All
rates and prices are subject to change without prior
notice. Not all products allow for off-sheet buy-ups
or buy-downs. Check with your AmericaHomeKey Account
Executive prior to calling for a lock-in. AmericaHomeKey
rate sheets are for use by mortgage professionals only,
and do not constitute an offer of financing. Locking
in a rate and price does not guarantee eligibility or
approval of the subject loan.
LOCK
EXTENSION POLICY
(1st and 2nd Liens – ALL PROGRAMS)
|
01 – 07 DAYS |
.250% |
08 – 15 DAYS |
.375% |
|
16 – 30 DAYS |
.625% |
31 + DAYS |
MARKET PRICE |
ONE (1) EXTENSION MAY BE PURCHASED
ON A BEST EFFORTS BASIS PER LOAN |
• |
ONE (1) ADDITIONAL EXTENSION
MAY BE PURCHASED ON A MANDATORY BASIS PER LOAN.
IF THE LOAN DOES NOT FUND WITHIN THE EXTENDED
LOCK PERIOD, A PAIR-OFF FEE WILL BE ASSESSED.
THE REQUIRED PAIR-OFF FEE WILL BE THE GREATER
OF THE ACTUAL MARKET MOVEMENT OR .125% |
• |
FURTHER EXTENSIONS ARE ON A
MARKET PRICE BASIS |
• |
To extend a lock, please call the Lock
Desk at 1-877-AHK-LOCK or email at lockdesk@americahomekey.com
Revised April 4, 2005
|
