Go to main content
West Virginia FCU
West Virginia FCU
Contact Us | Branch Locations | Surcharge-Free ATM Locator | FAQs
Skip Slideshow
  • Int - Babcock Kayaker - F
  • Int - Grandview - F
  • Int - Sandstone Falls - F
  • Int - Country Roads - F
  • Int - Babcock Pan - F
  • Int - Babock Autumn - F

FAQs


[Knowledgebase Home]

What is a rate lock?

  • A rate lock gives you protection from financial market fluctuations that could affect your interest rate range.
  •  You can choose to lock or float your interest rate range. On the date and time you lock, that interest rate range remains available to you for a set period of time.
  • If there are no subsequent changes to your loan and your interest rate range is locked, the interest rate range and your application generally remains the same.
  • If there are changes to your loan, your final interest rate at closing may be different.

 

This answer has been viewed 3016 times.
Go to main navigation