I am in the middle stage of the loan approval process. Since all the uncertainty about the debt ceiling has been going on, I had asked my lender to give me a rate lock on the loan. But what he has provided is a a document called as the good faith estimate with the loan rate and other details.
But I thought that rate lock would involve me and the lender signing some kind of agreement.
The lender is assuring me that that document is indeed a proof of a rate lock, but I don't seem to be convinced, since neither of us has signed that document.
Is this the standard practice for locking mortgage rates?
Am I being overly paranoid and cautious here?