Mortgage Refinance closing dategreenspun.com : LUSENET : Fair Lending : One Thread
I am in the process of refinancing my home. I had a closing date at a rate of 6.875%. As a result of bureaucratic error, the closing did not occur and the guaranteed rate Lapsed. Now I have a new closing date but at a higher interest rate. It is to no fault of mine that the first closing date was not met. Therefore I feel that I should close at the interest rate that I locked in at. Can the mortgage bank do this legally? Is this right?
-- Marisol DeJesus (firstname.lastname@example.org), December 13, 2001