Rate Lock at Mortgage Glossary

What is it? A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time. A rate lock guarantees the rate you choose will not change between the time you tell the lender you want to l

Mortgage Dictionary Term Added By: Alyssa

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Other Similar Mortgage Terms:

Mortgage Term Collection is The efforts used to bring a delinquent mortgage current and to file the necessary notices to proceed with foreclosure when necessary.

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