 Tammy Zurfluh Mortgage Planner Vice President Office: (815) 986-7108 First Time Home Buyer? How much home can you afford? Need a Bridge Loan? Need a Construction Loan? What items will be needed for the Application? |
 Back to Frequently Asked Questions What is the difference between 'locking' and 'floating' interest rates? A lock gives you a specified period of time, usually 30 days, of protection from financial market fluctuations in interest rates. If you choose to 'float' or defer 'locking', your interest rate will fluctuate with the market and will be subject to both upward and downward movements in the market. |
