What is a Float Down Option?
With Primary Capital's FREE FLOAT DOWN option, you'll be able to take advantage of a lower rate should the market improve after you initially lock your loan! This option is absolutely FREE and will allow a one-time FLOAT DOWN to the actual market rate. With a market that can sometimes be unpredictable, what better way for you to be protected against rising rates?
Ask your loan officer for more details.
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< Float down your rate to the current market any time from 45 days prior to closing to 5 business days prior to closing
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< Available on conventional (loan at or below the "conforming" loan limit), FHA, VA and USDA loans
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< Available on both purchase and refinance transactions
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< No premium will be added to your rate
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