An agreement between a lender and a borrower, guaranteeing an interest rate for a loan if the loan is closed within a certain amount of time.

An agreement in which the lender guarantees a specified interest rate for a certain amount of time at a certain cost.

Definition A commitment by a lender guaranteeing a specified interest rate for a specified period of time. also called rate lock.

The phrase used to describe a Web page that disables the browser's back button and prevents the user from leaving the page via the back button. The lock-in practice was originally used by pornogr [..]

Noun. The time after a public house has closed when a chosen few are offered the chance to buy more drinks. An illegal activity, hence the locking of doors.

since interest rates can change frequently, many lenders offer an interest rate lock-in that guarantees a specific interest rate if the loan is closed within a specific time.

A commitment by a lender guaranteeing a specified interest rate for a specified period of time. Also called rate lock. This process may require a fee or premium.

The guarantee of a specific interest rate and/or points for a specific period of time. Some lenders will charge a fee for locking in an interest rate.

Interest rates can change frequently, so many lenders offer an interest rate lock-in that guarantees a specific interest rate if the loan is closed within a specific time.

An agreement in which the home buyer is guaranteed a specified rate of interest, provided the loan deal is closed within a certain period of time, It also includes the cost to be paid at closing.  

An agreement between a lender and a borrower, guaranteeing an interest rate for a loan if the loan is closed within a certain amount of time.

A written agreement from the lender to offer a specified interest rate if the mortgage goes to closing within a set period of time.

A written agreement guaranteeing the home buyer a specified interest rate provided the loan is closed within a set period of time. The lock-in usually specifies the loan terms and closing date.

A written agreement guaranteeing the home buyer a specified interest rate provided the loan is closed within a set period of time. The lock-in usually specifies the number of points to be paid at clos [..]

Sometimes also referred to as “vendor lock-in” it refers to …

Refers to a requirement in a buy-out situation for certain …

A written agreement in which the lender guarantees a specified loan program interest rate and points if a mortgage goes to closing within a set period of time.