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What’s a lock-in or a rate lock on a mortgage?

  • Listed: August 13, 2022 10:13 am
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What’s a lock-in or a rate lock on a mortgage?

A lock-in or rate lock on a mortgage loan means that your interest rate won’t change between the offer and closing, as long as you close within the specified time frame and there are no changes to your application.

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Listing ID: 78062f7793078a6f

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