Meaning Lock Term
What does Lock Term mean? Here you find 2 meanings of the word Lock Term. You can also add a definition of Lock Term yourself
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Lock TermA lender's guarantee of an interest rate for a set period of time. The time period is usually that between loan application approval and loan closing. The lock-in protects you against rate increases during that time.
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Lock TermA lender's guarantee of the loan interest rate for a set period of time. This time period is usually that between loan application approval and loan closing. This lock-in protects the buying agai [..]
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