mortgage & home loan refinance | vase at home

Loan Lock

Loan Lock

A loan lock guarantees a borrower that the lender will fund the mortgage loan, at an agreed upon interest rate and points, regardless of any market changes in interest rates. Loan locks are generally offered for a specific period of time, such as 30 or 60 days. If the loan doesn't fund before the lock expires, the interest rate and fees are subject to change.

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