"We were in the process of refinancing with another company when we contacted mortgagefool.com. Not only were they able to get us a better rate, but the entire closing process was the most painless we have ever gone through!" - Steve S.

To lock your mortgage, we must have received three things:

1. The completed loan application & disclosures with your original signatures. This requires you to first apply online. We review the application (typically the same day!) and email it back to you right away so you can print it, sign it and fax/scan/mail to us as you prefer.
2. Payment that goes to the credit reporting companies for your combined credit report. 
3. Payment for the independent appraiser who will evaluate the value of the property.

(With recent government changes, the credit report usually needs to happen right away whether you lock or float, and we need your payment in hand to order it. This is usually done with a credit card link we send you. The appraisal must now wait a "cooling off" period by government mandate - we'll advise the soonest it may paid & ordered.) 

You may decide to lock your mortgage immediately after all this is in hand & reviewed or after you’ve floated up and down with the market. All you need to do when it’s time for you to lock is email or phone us, telling us to lock your mortgage. Should you use email, be certain we have replied well before the 4:45 pm cut-off or a phone call is required.

The rates you see posted on the mortgagefool.com web site are for purchase settlements occurring within 30 calendar days of locking. Longer locks are available for additional cost. Please email for specifics. Rates & points subject to change if market conditions require!