DAY 7 DAY 8 DAY

EX TENDED R A TE L OCK P R OGRA M

The Extended Rate Lock Program allows borrowers to lock an interest rate for up to 360 days by paying an up front fee along with an interest rate adjustment. The up-front fee is non-refundable and will be credited back at closing, unless the borrower decides to cancel their loan. If the loan is declined by underwriting, we will refund the borrower. A float down option is available within 30 days of funding.

Available programs:

· Conforming Fixed · FNMA HomeReady · FHLMC Home Possible · FHA, VA & USDA Fixed · Conforming Fixed High Balance (max 180 days) · FHA/VA Fixed High Balance (max 180 days)

Days Up-Front Fee Rate Add-On

90 120 180 240 360 0.250 % 0.375 % 0.625 % 0.750 % 1.000 % 0.250 % 0.375 % 0.500 % 0.750 % 1.000 %

Float Down Option

A one-time only float down option is available. The float down must occur within 30 days of closing. The Float Down must occur prior to the release of the Closing Disclosure (CD)

Up-Front Fee

The Up-Front fee is a % of the loan amount as shown above. It is non-refundable and will be credited back at closing, unless the borrower decides to cancel their loan. Fees should be delivered by check to the following address within 48 hours of rate lock: 3131 Camino Del Rio N #150 San Diego, CA 92108