Right now, one of the biggest hurdles for most buyers is interest rates. With EPIQ Lending' exclusive List & Lock™ advantage, you can ensure buyers get a discounted market rate on their mortgage, AND you can advertise lower market rates in your listing and your open houses. It's a win/win for sellers and buyers. It helps you attract more interest, sell faster, and in most cases save more money than a price reduction. And it helps buyers gain the peace of mind of a lower interest rate and more affordable access to the American Dream.
Determine the seller concessions you wish to contribute toward a lower rate
Secure a 60-day rate lock (this will be transferred to the buyer)
Market your house with a discounted rate, attract more buyers, and sell faster!
This lock cannot be transferred to another property address. It is valid through the above expiration date. While List & Lock™ can help buyers significantly, it is not a guarantee to lend. If a buyer is interested in purchasing the listed home at the advertised rate, they must still qualify for the loan. The benefit is that they won’t have to qualify for the loan based on the market rates; instead, they will be qualifying on the List & Lock™ rate. They will have several loan options to choose from through List & Lock™ -- Conventional, FHA, VA, and select adjustable-rate mortgages (ARMs). The same type of credit and discount can be applied to other loan programs, but rate adjustments could occur. Closing must occur within the 60 day rate lock period, or within the rate lock extension period in order for the seller receive a refund for the rate lock fee. If the lock is extended, the seller must pay a separate non-refundable lock fee for the extension. If you are concerned your closing could extend beyond the 60-day period, contact your loan officer to discuss extension possibilities.