What you need when building your new home Good choice if you are building a new home Lock in current rate for 18 months If rates drops before loan closes, re-lock loan once at the lower rate Offers flexibility – change mortgage program for minimal fee Building a new home can be exciting, but also stressful, especially if the current mortgage rate is low and the house won’t be completed for quite some time. Investors Extended Lock Mortgage program eliminates that worry by allowing you to lock a current rate for up to 18 months. If rates drop before your loan closes, you can re-lock once at a lower rate for a minimal fee or change to a different mortgage program altogether at no cost. If you’d like to learn more about our Extended Lock program, please contact an Investors Mortgage Professional today. Please Note: Web site authorization by the New York State Department of Financial Services is pending. Until this site is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.