On Refinance transactions, after your application and uploaded documents have been approved by Homiro's Automated Underwriting system, you may lock your rate online or with your assigned loan specialist.
On Purchase transactions, you will follow the steps above, but you will also need to have a fully executed purchase agreement for the house you are buying.
Once your loan is locked, you must close and fund within that lock period for your rate lock to be guaranteed. When you choose to lock in your rate, you will be provided with a Rate Lock Confirmation via email. Your Rate Lock Confirmation will detail the loan terms you have selected.