Towne Mortgage Company

Towne Mortgage Company ISAOA, ATIMA PO Box 7063 Troy, MI 48007-7063

Mortgagee Clause: HOI, Flood, CPL & Title Towne Mortgage Company ISAOA, ATIMA P.O. Box 7063 Troy, MI 48007-7063 Attn: Insurance Dept.

1 Day Extension = 2bps
7 Day Extension= 12.5bps
15 Day Extension = 25bps
30 Day Extension = 50bps

ET by emailing secondary@Townemortgage.com or calling
(248) 247-1800, Ext. 1407.

Expired/Denied/Cancelled/Withdrawn (“expired”) loan less than 30 days Re
Lock:(After 30 days loan is considered a new lock)
When a rate lock expires, Towne will re-price the loan based on the WORST CASE of the
following:
- Pricing from original lock date, less retroactively accrued extension fees; or
- Pricing from the current day, using the same lock day period as the original.