@nelson I received my loan estimate via mail and the lock in rate from bofa shows 3.25. I guess it’s too late to get the 3.125 rate now?
Also, the loan estimate shows a home cost that is $80 that it should be. This is probably a typo by my mc, is that an issue since it is only an estimate? What has me worried is the paperwork from bofa also reflects this incorrect amount
Yeah, your rate was locked in before you even received the loan estimate in the mail. It locks after the loan estimate is generated, I believe. Which is when your file is processed after you have an accepted contract.
The only way to lower it before the bank app submission is to buy down your interest rate.