Hand holding house key in front of Raleigh home illustrating Advantage Lending’s Float Down mortgage rate policy — lock in your rate and still lower it if the market drops.

What Is a Float Down?

Hand holding house key in front of Raleigh home illustrating Advantage Lending’s Float Down mortgage rate policy — lock in your rate and still lower it if the market drops.
Advantage Lending’s Float Down Policy gives Raleigh homeowners peace of mind — lock your rate now and still benefit if the market drops.

How Advantage Lending Helps You Save When Rates Drop

In today’s unpredictable mortgage market, timing can feel like everything. You want to lock in a great rate before it rises — but what if rates fall after you lock? At Advantage Lending, we believe you shouldn’t have to choose between security and savings. That’s why we offer our exclusive Float Down Policy — a smart way to protect yourself while staying flexible.

How a Float Down Protects You

A Float Down gives you the best of both worlds: the certainty of a rate lock and the freedom to take advantage of a market improvement. If mortgage rates drop after you’ve locked your rate, our Float Down Policy lets you lower it under certain conditions — so you don’t miss out on savings.

(Want to understand what lenders look for when approving loans? Check out our 3 C’s of Finance guide — it breaks down how credit, capacity, and collateral factor into every mortgage decision.)

When Can a Float Down Be Used?

If the market improves by roughly 0.75% (75 basis points) for the same loan product and term, you may qualify to float down to a lower rate. You’ll still close within your original lock period, but you can enjoy a better rate if the timing works in your favor. This option applies to eligible loan programs and is available to borrowers who meet the policy conditions.

What Makes Advantage Lending Different

Many lenders charge fees or impose strict limits for this kind of flexibility — but not us. At Advantage Lending, we don’t charge a fee to exercise your Float Down option. It’s part of how we look out for you from application to closing. Our team monitors rate movement daily, ensuring you get the best possible outcome no matter what the market does.

As Raleigh’s local mortgage banking firm, Advantage Lending brings decades of experience, personal service, and transparency to every loan. We’re here to make sure your mortgage journey is secure, smooth, and stress-free.

The Mortgage Professor’s Take

“Mortgage decisions should never feel like a gamble,” says Robert Courts, The Mortgage Professor. “My job is to give you every tool possible to protect your rate — and your peace of mind. The Float Down is just one more way we keep our clients ahead of the curve.”

Ready to Learn More?

If you’re considering locking your rate or refinancing, now’s a great time to talk with your Advantage Lending loan officer. Ask about our complimentary Float Down Policy and see how much flexibility you can gain in today’s market.

📞 Call Robert Courts: (919) 812-5063
✉️ Email: rcourts@advantagelending.com

Want to keep up with mortgage updates, rate tips, and community stories from The Mortgage Professor? Follow Robert Courts on social here.

Special note: Policy terms are subject to change without notice. Please consult with your Advantage Lending loan officer for complete program details and eligibility requirements.