As your mortgage lender we offer an exclusive float down program. This program allows our borrowers to lock their rate in as soon as they find a home. This provides assurance there will never be any surprises with rates going up. If interest rates go down within the last 20 days of your closing we will float the rate down one time up to .375%. This takes 100% of the risk out of locking the rate. If rates go up yours does not, if they go down we will lower the rate. To be eligible for this program the borrower signs a float down authorization form which gives us confidence they are proceeding with PrimeLending for their mortgage.
* Float down option may require additional fees and restrictions. Please contact your PrimeLending loan officer for more details.