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Can I change my loan application?

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Sam Site Admin Joined: 21 May 2005 Posts: 281 Location: CALIFORNIA 117.49 Dollars($)	Posted: Fri Jan 21, 2005 10:27 pm    Post subject: Can I change my loan application? You can modify the loan application that you have submitted to the mortgage lender. But it should be done before you lock in your mortgage rate. The rate lock is the lender's promise to fix the interest rate and the number of points for a certain time period while the lender processes your loan. It helps to keep the mortgage rate from getting too higher such that you fail to continue making your mortgage payments. However, any change in the loan application after submission can delay the closing date and also affect the costs incurred on the loan.

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