Mortgage Companies and questionable events
How many have applied for either refinancing or new mortgage and locked in at a good rate and suddenly there is a problem? This happened to us when we refinaced We locked in and during this time the rates increased. We received an unexpected low appraisal. The same thing happened with another person I know. It seems to happen when you lock into a low rate and the rates go up during the locked in period. Please let me know.