Locking

When you lock your rate, we guarantee your rate won't change for a certain period of time no matter what happens in the market. This gives you peace of mind while we work to gather all of your information and get you to the finish line.
 
Yes, in most cases you can choose a different product after you lock your loan. Contact your Simplist Loan Expert if you want to make changes after locking your rate.
 
Once you lock your rate, you can have peace of mind knowing that your rate won't be affected by what happens in the market.
 
If your lock expires before your loan closes, you can usually extend the lock period for up to an additional 60 days. Simplist offers locks from 30 to 90 days, and most of our loans close before the lock expires. Once you lock, Lendexa loans can close in as few as 15 days if you provide us with the required information. If you need to extend your rate lock, please call your Simplist Loan Expert.
 
Yes, we recommend you lock your rate. Once you lock, your rate is guaranteed while we work together on the loan process. Market conditions can change daily, and once you lock your rate you can finish the process with the peace of mind that market conditions won't affect your monthly payments.