Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
The MABA PAC is one of the most influential Latino organizations in California and is comprised of members that are attorneys, civic leaders and business people from diverse ethnic backgrounds.
3250 Wilshire Blvd. Suite #1900
Los Angeles, CA 90010
Phone: (424) 292-5400