Locking In Rates 1%* Full Service Listing fee, Save 45%** to 83%** vs a 6% Fee, Save $25,000 vs 6% @$500k, 27+ Years Exp Sacramento Discount REALTOR® Agent Broker

The Cost of Your Mortgage Loan
Locking-in the Rate

When shopping for a mortgage, the lender may give you a quote for the mortgage interest rate and points (additional fees charged by the lender usually paid at closing by the borrower). These only represent terms available at the time of the quote. They may not be available by the closing date (which may be weeks or months in the future). To ensure the rate and points are the same at closing as they are when quoted, you'll need to lock-in the interest rate (also known as a rate lock or rate commitment).

Obtain a Written Agreement

Floating the Rate

Buyers opt to float the loan when they believe interest rates will drop after their loan application date and prior to closing. The risk is that rather than dropping, interest rates rise, increasing the mortgage payment.

Most lenders will commit, in writing, to a mortgage interest rate for a specified time period while your loan application is processed - this is known as "locking-in" the rate.

If you elect to lock-in an interest rate, it is best to deal with a lender who provides a written lock-in agreement. Be sure to read this agreement carefully, some lock-in agreements become void due to actions beyond your control - such as a change in the maximum rate for VA-guaranteed loans.

Lock-in Options

The following lock-in options are common among lending institutions. Be sure to ask the mortgage lenders you are considering which lock-in options they offer.

Lock-in interest rates and points.
This will give you a clear understanding of how much your mortgage will cost. Neither your interest rate nor points increase during the lock-in period. This protects you against rising market conditions.
Lock-in interest rates and floating points.
Your interest rate is locked-in and will not change for the lock-in period, while your points may rise and fall with market conditions. With this option, your lender may allow you to lock-in the points at the current market condition some time between submitting the loan application and closing.
Floating interest rates and floating points.
This gives you the option to lock-in the interest rate at some time between submitting the loan application and closing. This puts you at risk if interest rates and points rise and may not be best for a homebuyer with a tight budget.

The Cost of Locking-in the Rate

It is not unusual for a lender to charge a fee for locking-in an interest rate and points. This fee may vary depending on the amount of time you want to lock-in the rate (the lock-in period).

The fee may be charged when you lock-in the rate (and is rarely refundable if you withdraw your application, if your credit is denied or if you do not close on the loan) or it may be included in your closing costs. The amount of the fee and when it is charged will vary among lenders.

The Lock-in Period

Most lenders will offer lock-in periods of 30-60 days. Some lenders may only have short lock-in periods. And still others may offer a longer lock-in period (expect higher fees for longer lock-in periods).

The lock-in period should be long enough for the loan approval process and to allow for any other contingencies that may delay closing.

The Lock-in Expiration Date

If unexpected circumstances prevent the loan from settling prior to the last day of the lock-in period (whether caused by you or others in the process - including the lender), you lose the interest rate and points that were locked. Prevailing interest rates and points are usually charged under these circumstances. Be sure to ask your lender before you lock-in what interest rates and points will be charged if the loan is not closed before the lock-in period expires.

We will continue to promote fair competition preventing monopolies in the real estate business for the benefit of all consumers as lower commissions keeps more of homeowner's hard earned equity in their pockets.

Looking to Sell

The looking to sell option below is NOT visible on Mobile devices but does function properly on Personal Computers or Laptops.

Mobile device users can receive market comparables by simply emailing us your Name, Phone#, and Property Address.

WhyPay6@Comcast.net

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information

* Name:

* Email:

Phone:

Street Address:

City:

State:

Country:

Zip/Postal Code:

Some Details

When Are You Moving?:

Where Are You Moving?:

Preferred Selling Price?:

Number of Bedrooms?:

Number of Bathrooms?:

Size In Square Feet?:

Any Comments, Concerns, Or Questions:

REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.

* Notice: The amount or rate of real estate commissions is Not Fixed by law. They are set by each broker individually and may be negotiable between the Seller and Broker. Any reference to a 6%* fee/commission is for savings comparison with the 1%* fee and was solely chosen as a sample number as any fee/commission (5.8%*, 5.9%*, 6.1%*, 6.2%*, 7%*, 8%*, 9%*, 12%*, etc.,) can be negotiated by any real estate professional. The fees/commissions described on this website may change from time to time without notice and are subject to minimum listing limitations. The Listing Broker's Minimum Listing Fee is $2,950. The Listing Broker's Minimum List Price is $295,000 (excluding zip codes 95825, 95826 Minimum List Price $250,000). The low cost discount full service listing offer does not include Short Sales as they are more complex and time consuming transactions. We specialize in Residential Home sales and do not offer Commercial Real Estate services. The higher the Sales Price the More you SAVE! We can continue our 27+ years of saving consumers thousands of dollars in commissions as long as there are no rules or regulations passed or interpreted meant to Restrain Competition among Brokers which would injure consumers thru higher costs to sell a home. Entry into the MLS and payment of an MLS Agent's additional fee is NOT mandatory and NOT necessary to receive Listing Broker's FULL SERVICE ("all necessary services") for only 1%* commission as we encourage expanding Consumer's Choice in Real Estate Services to prevent Anti-Competitive Practices. We provide FULL SERVICE to all Sellers whether they Opt-In or Opt-Out of the MLS. Seller can Opt-In to the MLS and pay an MLS Agent's additional fee at any time during the listing. Any reference to "overpriced 6%*" in advertising is solely meant to inform the consumer of our belief that we feel if we charged a consumer a 6%* listing fee we would be pricing NORTH AMERICAN-REALTORS® listing fee too high, thus our 1%* commission. The phrase "overpriced 6%*" in advertising is part of the negotiating of the commission between the listing Broker and Seller as the consumer knows from this phrase that when they list with NORTH AMERICAN-REALTORS® they will not be charged a 6%* listing fee. The "6%* circle-backslash symbol" in advertising is solely meant to inform the consumer that NORTH AMERICAN-REALTORS® does not charge a 6%* fee as part of the negotiating of the commission between the listing Broker and Seller. There is no minimum mandatory amount of compensation you must offer an MLS cooperating Buyer's agent as every Seller freely chooses the amount to offer. The Listing Broker is Doug Bautista who has been a member of the Sacramento Association of REALTORS® for over 28+ years and who charges the 1%* Full Service fee (save 45%** to 83%**) advertised on this website. NORTH AMERICAN-REALTORS® agents are free to negotiate/advertise whatever commission is acceptable between Seller and Agent. We support the Sherman Antitrust Act. We do not support any trade association, organization, corporation, real estate broker or real estate salesperson that attempts to Standardize or Fix Real Estate Commissions or Suppress Market Competition and any monopolization, attempted monopolization, or conspiracy or combination to monopolize. We believe that free and open markets are the foundation of a vibrant economy and aggressive competition among licensed real estate agents in an open marketplace gives consumers the benefits of lower prices (like our 1% fee), more choices (like Opting-In or Opting-Out of MLS), and greater innovation (like our brokerage).

**  Savings of 45% to 83% vs a 6% fee are approximate figures as the exact savings are 45.83333333333% (6% minus 3.25% = 2.75% divided by 6% = 45.83333333333% savings) to 83.3333333333% (6% minus 1% = 5% divided by 6% = 83.3333333333% savings)

All property details including but not limited to Age, Lot Size, Square Footage is deemed reliable but in no way is guaranteed. Listing Broker obtains information from Public Tax Roles and/or Seller and has not personally verified the information nor measured the homes square footage or lot size. Buyer shall be solely responsible for hiring experts to inspect all aspects of the property to ensure Public Tax Role or Seller provided data is accurate or acceptable.

We will continue to Promote Fair Competition preventing monopolies in the real estate business for the benefit of all consumers as lower commissions allows homeowner's to keep more of their hard earned equity. For additional information regarding Competition in Real Estate visit the Federal Trade Commission and/or the State of California Department of Justice. For additional information regarding Anti-Competitive Conduct enforcement visit the United States Department of Justice.   Consumers are the best source of information to a Possible Violation of antitrust laws. Any questions or concerns regarding anticompetitive conduct by any corporations, agents or brokers in the real estate industry can be emailed to: RealEstateCompetition@usdoj.gov and/or piu@doj.ca.gov

NORTH AMERICAN-REALTORS® is licensed by the State of California (CalBRE# 01031256) to conduct business within the State of California.   Any links on this website are provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by NORTH AMERICAN-REALTORS® of any of the products, services or opinions of the corporation or organization or individual. As any website designer can alter the content in linked pages NORTH AMERICAN-REALTORS® bears no responsibility for the accuracy, legality, relevance, completeness or content of the external site or for that of subsequent links. Once you click on a hypertext link you are leaving this site and are under the privacy policies posted on the sites to which we link. If a link seems offensive, misleading, broken or out-of-date first use the "Looking to Sell" area to provide us with your concerns so we can view the area, delete it if its placement was unauthorized and then Contact the external site for answers to questions regarding its content. Website/Cyber intrusions are becoming more commonplace, more dangerous, and more sophisticated as both private and public sector networks, are targeted by adversaries. American companies are targeted for trade secrets, other sensitive corporate data and vandalized by fraudsters thru the adding of offensive and misleading information or statements. If while visiting this site you see anything that looks out of place, odd, offensive or misleading utilize the "Looking to Sell" area to provide us with your concerns so we can view the area, delete it if its placement was unauthorized and contact law enforcement to report the activity.

The California Consumer Privacy Act ("CCPA"):

NORTH AMERICAN-REALTORS® has not and will continue to not collect, track, share, sell, disclose, release, transfer, disseminate, or otherwise communicate orally, in writing or by electronic or any other means any personal information with or to any third parties or corporate affiliates. We provide links to outside third party websites we felt might be useful to you that are in no way associated or affiliated with us, therefore when you click on a link you are leaving our webpage and are subject to the third party's privacy policy of the new site which we assume no responsibility for. NORTH AMERICAN-REALTORS® complies with Business and Professions Code 10148.

NORTH AMERICAN-REALTORS® makes no promises, guarantees or claims about the accuracy, completeness, or acceptability of the contents of this website and expressly disclaims liability for errors and omissions in the contents of this website. No warranty of any kind, expressed, implied or statutory, including but not limited to the warranties of non-infringement of third party rights, title, merchant-ability, fitness for a particular purpose and freedom from computer virus, is given with respect to the contents of this website or its hyperlinks to other Internet sites. Reference in this website to any specific commercial products, processes, or services, or the use of any trade, firm or corporation name is for the information and convenience of the consumer, and does not constitute endorsement, recommendation, or favoring by NORTH AMERICAN-REALTORS® or its agents.

NORTH AMERICAN-REALTORS® communications from Agent/Broker and info on this website prior to a consumer signing an AGENCY DISCLOSURE FORM and prior to signing a binding listing agreement for the sale of a home are general in nature and shall not be interpreted as any form of a binding agreement thus there are no fiduciary duties created by providing said general information.

Under California Civil Code Section 1789.3, California users are entitled to the following consumer rights notice: If you have a question or complaint regarding the Website, please contact us at whypay6@comcast.net. You may also contact us by writing to NORTH AMERICAN-REALTORS®, 333 University Ave., Suite 200, Sacramento, CA 95825, Attention: Website Customer Service. California residents may reach the Compliant Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs by mail at 1625 North Market Blvd., Sacramento, CA 95834, or by telephone at (916) 445-1254 or (800) 952-5210.