We have been going through the mortgage process for some time now and have finally got all of our ducks in a row with the IRS transcripts, credit score etc. to resubmit our loan. The problem is our rate lock expired and we didn’t realize it so UW kicked everything back today. When we pulled the new rate it jumped .5% on an FHA 30-year fixed term and I was told we would have to wait a mandatory 10 days before closing for disclosure purposes.
Is this right? Is there anyway around that, like signing a waiver form of some sort?