1) Does mortgage broker have to get my signature when they lock the rate ?
2)Do I get any paper or document as a proof that the mortgage/broker or lender has locked a rate for me what he has promised ?Does mortgage broker have to get my signature when they lock the rate ?
No they do not require your signature to lock a rate. And yes you should get a rate lock form filled out with your rate. My lenders actually have it online so you can check your rate anytime.Does mortgage broker have to get my signature when they lock the rate ?
most of the time -but your mortgage lender will have this info available when you call. ALWAYS ask for every paper you sign to be copied for your own records.
I only require a verbal to lock. I then send a lock in letter along with a new GFE %26amp; TIL.
Yes and yes.
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