Treasurer's Office

What Is a Float-Down? - Mortgage Professor
Like a rate lock, a float-down is an option that can be attached to any kind of mortgage. Since it carries more value to the borrower than a lock, however, and is .
http://www.mtgprofessor.com/A%20-%20Locking%20the%20Loan/what_is_a_float-down.htm

Payment of Taxes through a Mortgage Company

Rate locks and how they work
Jan 23, 2002 . A float-down rate lock agreement is a heads-I-win, tails-you-lose approach to locking in mortgage interest rates and would have solved your .
http://www.bankrate.com/brm/news/DrDon/20020123a.asp

Mortgage Rate Lock Float Down Definition | Investopedia
Mortgage Rate Lock Float Down - Definition of Mortgage Rate Lock Float Down on Investopedia - A mortgage rate lock with the option to reduce the locked .
http://www.investopedia.com/terms/m/mortgage_rate_lock_float_down.asp

Property Tax Due Dates

Got A Good Mortgage Rate? Lock It Up!
Jan 18, 2008 . Some lenders offer a mortgage rate lock float down, which enables borrowers to make a one-time election to exchange their current rate for a .
http://www.investopedia.com/articles/pf/08/lock-mortgage-rate.asp

Mortgage Rate Locks: How They Work | Nolo.com
When considering a mortgage rate lock-in, negotiate the terms and time . When you include a float down option in your rate lock, the lender must give you the .
http://www.nolo.com/legal-encyclopedia/how-mortgage-rate-locks-work-30054.html

Summer Property Tax Deferments

Winning the Interest Rate Lock-In Game in 2011
Learn how to lock in the lowest mortgage interest rate when buying or . float between application and closing, or to choose some type of "float-down" program .
http://www.mortgagealmanac.com/articles/97-winningratelockgame.html

Treasurer's Office

What does it mean to Lock my rate? | float down
The longer the length of the lock, the higher the points or the interest rate. This is because the longer the lock, the greater the risk for the lender offering that lock.
http://www.choicefinance.net/faq/mortgage-rate-lock.htm


Melvindale, MI 48122

Free Mortgage Rate Float Down
Interest Rates Free Mortgage Rate Float Down. Does this mortgage scenario worry you? You lock in the interest rate on your new mortgage and apply for your .
http://www.namethatvalue.com/mortgages/floatdown.htm

After Hours Payments

Mortgage Rate Lock Float Down Definition & Example ...
We explain the definition of Mortgage Rate Lock Float Down, provide a clear example of how it works and explain why it's an important concept in business, .
http://www.investinganswers.com/financial-dictionary/real-estate/mortgage-rate-lock-float-down-3769

Municipal Offices

Mortgage Rate Lock Float Down: Definition from Answers.com
A mortgage rate lock with the option to reduce the locked interest rate if market interest rates fall during the lock period. A rate lock with a float-down option can .
http://www.answers.com/topic/mortgage-rate-lock-float-down


Melvindale, MI 48122

Does It Make Sense to Lock In a Mortgage Rate? - SmartMoney.com
Aug 5, 2009 . Also, by locking in a rate now, borrowers stand to lose out should mortgage rates drop. Few lenders offer a float-down option, which allows you .
http://www.smartmoney.com/spend/real-estate/does-it-make-sense-to-lock-in-a-mortgage-rate/


Oklahoma Float Down Option to Lower Mortgage Rate Before Closing
By adding the float down option to your extended rate lock, you have the option to lower your rate one time before closing if Oklahoma mortgage rates decline .
http://www.oklahomamortgagebank.com/oklahoma-mortgage-resources/oklahoma-mortgage-float-down-option/



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How to Lock in a Mortgage Rate: 8 steps - wikiHow
Jun 4, 2011 . If your lock-in includes a "float down" option, be sure to watch mortgage rates carefully. Your broker may not have the time to watch the rates .
http://www.wikihow.com/Lock-in-a-Mortgage-Rate


Rate Lock & Rate Protection
In the event that rates decrease, you will have a one-time float-down option to lock into a lower rate, regardless of how low rates fall. Prior to choosing a home, .
http://www.mlcc.com/MLHL/TopNavigation/OptionalFeatures/ratelock.htm



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