Rate Lock Periods

Obtaining a Low Interest Rate

The Cody Reid Team at OriginPoint is happy to answer any questions you may have

Freezing the Rate

A rate lock or commitment is a set interest rate for a certain period of time during an application process. This reduces the risk of interest rate increases after you have gone through the trouble of completing your application.

Although there may be a choice of the length of your loan—for example, 15, 30, or 60 days—extended periods typically have higher interest rates than short-term loans. The longer the period of time that you want for your rate lock, the higher your interest rate will be.

Other Interest Saving Strategies

There are multiple ways to lower your interest rate, and a bigger down payment is one way. Other ways include paying points and having a smaller loan period with an increased monthly payment.

If you have any questions, please fill out the form below and a member of our team will be happy to assist you!

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NMLS License #2185899 – For licensing information, go to: www.nmlsconsumeraccess.org.

1800 W. Larchmont Avenue, Suite 305, Chicago, IL 60613, 855-997-6468

Cody Reid NMLS ID: 218862; AZ - 1016196, CA - CA-DBO218862, CO - 100513692, CT - LO-218862, FL -LO67686, GA - 42575, KS - LO.0043213, MA - MLO218862, MD - 218862, ME - Licensed, NC - I-194369, NH - Licensed, NJ - Licensed, OH - MLO-OH.218862, IL - 031.0064799, IN - 49166, PA - 81115, SC - MLO -218862, TN - 212790, TX - Licensed, MI - 218862, MN - MN-MLO-218862, VA - MLO-218862VA, WA -MLO-218862, WI - 218862, WY - 103722, OK - MLO10073, OR – Licensed

Phone:

(512) 537-8000

Address:

8900 Business Park Drive
Austin, TX 78759

Hours of Operation:

Monday-Friday

9:00 a.m. to 5:00 p.m.

Texas Consumer: How to File a Complaint

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing.

Receipt of application does not represent an approval for financing or interest rate guarantee.

Restrictions may apply, contact OriginPoint for current rates and for more information. https://people.originpoint.com/cody-reid-218862

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