Hollywood Rate Lock Timing: How to Match the Lock to Your Escrow

Hollywood Rate Lock Timing: How to Match the Lock to Your Escrow

Hollywood escrows move fast—until they don’t. Condo document reviews, appraisal delays, or title issues can extend timelines past 30 days, which makes a short lock risky.

A Simple Lock Framework for Hollywood Buyers

30-day lock

• Works when the file is clean and the condo docs are already in-hand
• Higher risk of extension fees

45-day lock

• The safest default for Hollywood condos and hillside homes
• Helps avoid paying extension fees if the HOA review drags on

60-day lock

• Best for complex condos, new construction, or when the seller is still clearing items

What Extensions Can Cost

Extension fees vary by lender, but they can add 0.125%–0.25% to pricing if the lock expires. On a Hollywood loan, that’s real money.

How to Decide

1. Ask the lender about recent closing timelines in your neighborhood.
2. Confirm condo review turnaround if you’re buying a condo or townhome.
3. Pick the lock that fits the slowest part of your transaction, not the fastest.

Locking for the right window keeps your pricing intact and prevents last-minute surprises. In Hollywood, that often means starting with a 45-day lock and adjusting if your file is exceptionally clean.