The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Scott Sheldon's The Mortgage FIles Blog

Don't Get Burned By Mortgage Rate Locks!

By Scott Sheldon / November 11, 2012

Looking for a mortgage loan in Sonoma County, California? Whether buying a home or refinancing a mortgage, your lender will require you to lock your interest rate on the amount being borrowed. How long you lock your interest rate for is how long you have to close escrow. This is where consumers can oftentimes find…

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