Extended Lock Program
The Extended Lock Program from Synvous Mortage Corp protects your interest rate while you wait to close (building projects, transfers, etc.).
In a rising rate environment, we provide a cap so the end rate will not rise too far above the current rate. If rates fall, the program allows you to float down to current rates.
Are you building a new home?
Synovus Mortgage Corp's Extended Lock Program allows you to lock in the interest rate on the permanent loan at the beginning of the building process. We can also provide an extended lock in conjunction with a construction-permanent loan.
How long can the interest rate be locked?
With this program, interest rates can be locked for as long as 12 months.
- Available on fixed rates products
- Ideal for borrowers who are building a custom home or long-term renovation