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Lock-In loans mortgage terminology definition



Lock-In: An agreement with a mortgage lender that a specific interest rate will be guaranteed, or locked in, as long as the borrower closes within a certain period of time.

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This entry was posted on Saturday, April 11th, 2009 at 4:21 am and is filed under Mortgage Glossary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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