SafeLock

In volatile markets interest rates can go through wild swings. Worse than expected inflation reading can cause rapid upward movement. Two weeks later, new data may indicate signs of improvement, and rates can reverse their course with a strong bounce. Trying to time the market for the best lock opportunity is nearly impossible. Improvement may come around just after the rate is locked, and worsening may follow if one decides to wait and lock later. SafeLock can help beat mortgage rates volatility by offering protection on both sides.

Traditional Lock

Traditional rate lock locks the loan terms rock solid. The locked rate cannot change no matter what the market does. If rates worsen, the locked rate stays. If rates improve, the locked rate stays as well.

SafeLock

With SafeLock, our borrower is protected if rates worsen just the same. The locked rate stays for the duration of the lock period. If rates improve, however, the locked rate can be lowered. SafeLock protection, therefore offers the best of both worlds. Borrowers can lock with confidence knowing they are protected from market worsening but may still benefit from market improvement. Certain restrictions apply, please call 617-938-3900 x701 for further details.

Customized Quote

Request customized quote for most up-to-date, case-specific rate options. Customized Quote