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Imagine this scenario: You’re looking for a house and get pre-approved for a mortgage. You figure out a way to make the monthly payments work and then – just as you find your dream home – interest rates jump up. Now suddenly your payments are going to be higher, the house is less affordable, and the entire calculation behind the purchase is thrown for a loop.

Unfortunately, this scenario is all too common.

If only there had been a way to lock in the original interest rate before you found your dream home and actually made an offer!

Typically, interest rates are only locked in once you find a home, put in an offer and have it accepted, and you begin the loan application process.

“If rates go up before they find that home,” said Mortgage Loan Officer Steve Oesterle at Envoy Mortgage, “usually they are out of luck. That is, unless they can find a way to get the lower interest rate locked in before they find the home.”

If you’re in this situation, Envoy Mortgage can help. Their new “Lock and Shop” program lets you get pre-approved for financing and lock in an interest rate while you’re still looking for the right home. You have 30 days to get the home under contract and 75 days to close on it. For all the details, call Steve at Envoy Mortgage, 520-612-0479 or stop in and see Steve at 210 W. Continental Road, Suite 132.

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