Hello everyone, I’m kind of kicking myself right now and hoping someone can give me clarity. About 10 days ago, I agreed by email with my bank rep to fix/lock my home rate. She confirmed by email that she would “fix it” for me, but I haven’t signed any formal documents yet. It was just email communication. Since then, rates have dropped significantly. Now I feel like I could have gotten a much better offer if I had waited just a little longer. My questions: • If I didn’t sign anything, am I truly locked in? • Is it normal/acceptable to ask them to revisit the rate? • Do banks ever allow adjustments if market rates move before closing? • Or is this considered final once they confirm the lock internally? I’m not trying to be difficult, just wondering if I have any leverage since nothing has been formally signed yet. Any advice or similar experiences would help a lot. submitted by /u/SeriouslyNotable
Originally posted by u/SeriouslyNotable on r/Switzerland