Secure Mortgage Loan Rate with “SecureLock”. It is a program for borrowers who don’t what to buy a home right now, but intend to purchase one in the next 2-6 months. Andrew Usher, Mortgage Consultant with Usher Financial Group discusses how this option could be the right choice for some home buyers.
The “SecureLock” program offers rate protection in a rising-rate environment. “Our company, Usher Financial Group, has come up with some options for those folks who are not quite ready to buy at the moment, but intend to do so in the near future.” Says Andrew. “They are for people who are concerned that the rates will go up”.
Typical Possibilities for a “SecureLock” Buyer: 1. Lock & Buy – For borrowers looking for a home right now and ready to make an offer. 2. Lock & Build – For borrowers who want to buy a newly constructed home or build a home in the next few months. 3. Lock & Liist – For borrowers who need to sell their existing home before they can purchase a new home.
“There are some upfront deposits that are required, but a portion of this deposit goes towards the closing costs.” Cautions Andrew. “This option, however, could potentially save $1,000’s over the life span of the loan. You just need to be relatively certain that you intent to buy.”
Listen to Andrew to learn more about “SecureLock”. It’s a unique program that Usher Financial Group offers their clients.