I have a family in a bit of a jam. She has just found out her interest rate for her house is locked in on sept. 5 but closing because sellers can not move out until then , is on sept 15th. Should she rent the place and close on the 5tf or take a chance and say good bye to the interest rate and close on sept 15th? terms 30 no money down fixed 6.7% offer to purchase written on $140,000 house purchase. She must decide what to do by tomorrow can she get out of the deal?
i am not a mortgage expert, but if she doesn't want to go through the hassle, she should rent the place to them for the ten days and close on the date specified.
