The rate lock is Regions commitment to hold a certain interest rate and a certain number of points for you, for a specified period of time (Lock-ins of 30 or 60 days are common).

You may be able to lock in the interest rate and number of points at loan application, during the processing of the loan or when the loan is approved but prior to closing.

It is important to recognize that a lock-in is not a loan commitment.

Important: Please give careful consideration to the timing of your lock request. Unfortunately, if interest rates decline after your lock has been confirmed, Regions cannot renegotiate your lock. You should only lock a rate when you are certain that you are comfortable closing your loan at that rate and within the designated period of time, just as Regions has agreed to honor your rate if rates increase.

Whatever your home financing needs, Regions Mortgage is here to help you every step of the way. Please locate a Regions Mortgage Loan Originator or give us a call today at 1-877-536-3286 and we will be happy to assist you in selecting the right loan or answering any questions you may have.