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Find out why Kathy is consistently one of St. Louis & St. Charles' highest selling agents! Call Today! 314-276-7653
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"...I have sold 15 different houses and used 6 different Realtors, but after working with you, I have found my Realtor for life!"
Cheryl & Tom Purtle
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The Kathy Helbig Group are some of
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Looking for homes? Search everything the web has to offer, right here! Don't miss our Featured Homes. Need local real estate information? We've summarized much of what is important about the St. Charles, St. Louis and O'Fallon real estate market in this site. Need expert advice? No web site, large or small, can take the place of a top real estate agent. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job. Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As top St. Charles, St. Louis and O'Fallon real estate agents, we have the experience and track record you are looking for. Please let us help. - The Kathy Helbig Group  |
Interest Rates >Locking in Loan Rates It is important for both new homebuyers and homeowners who want to refinance to understand how to lock in an interest rate when applying for a mortgage loan. Understanding how rate locks work prepares you to evaluate your options.
While you are in the process of applying for your mortgage loan, interest rates will most likely fluctuate from day to day and week to week. If you want assurance that the wonderfully low interest rate on your loan will not increase while you are waiting for loan approval, ask for a rate lock. A conventional rate lock is a guarantee from the lender that your mortgage will carry a particular interest rate, with specific, predetermined points and fees.
The interest rate is "locked in" for a specified period of time, usually thirty days. When you call a lender for a rate quote, ask how long that rate will last for. If you think you might need more than thirty days to complete your home purchase or refinance, tell your lender how many days you will require, and they will give you an adjusted rate quote.
Rate locks are especially useful if interest rates are on the upswing, and you are concerned about ending up with higher monthly payments. If you cannot afford the risk of a further interest rate increase, lock in your loan rate now.
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What is considered to be one of the soundest long-term investments?
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Real estate has a long-term record of strong investment return and is a driving force of the national economy.
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