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"Loan Lock"

From Elizabeth Weintraub,
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Definition: A loan lock is an agreement issued by a mortgage lender to the consumer guaranteeing to fund a loan at an agreed upon interest rate and points even if rates or fees go up at the time the loan is disbursed.

Examples: Sometimes mortgage lenders charge a fee for loan locks.

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User Agreement \| Ethics Policy \| Patent Info. \| Privacy Policy	©2008 About, Inc., A part of The New York Times Company. All rights reserved.

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"Loan Lock"

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