07/23/12 locked rate. Then received a new GFE that mentions the following:
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1. The interest rate for this GFE is available through 8/13/2012 12 am.
After this time, the interest rate, some of your loan Origination Charges,
and the monthly payment shown below can change until you lock interest rate.
2. After you lock your interest rate, you must go to the settlement within
15 days (your rate lock period) to receive the locked interest rate.
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Why in item 1, it says 8/13/2012, but in item 2. it says "within 15 days"?
What does item 2 mean? Does that mean I need to close the escrow within 15
days? Or it just mean I need to sign the doc within 15 days? Which day is
the last day?
Thanks.