The lock period is the amount of time that a lender will guarantee a loan's interest rate, usually 30, 45 or 60 days.
The length of time that a lender will guarantee the interest rate offered in a loan.
The amount of time that a lender will guarantee a loan's interest rate. Once you've locked in the interest rate on a loan, the lender will guarantee that rate for a certain period of time, usually for 30, 45 or 60 days.
The time span over which the lender guarantees a feature of a loan.
A lock period refers to the amount of time prior to closing that you can secure an interest rate for your loan. Generally, lock periods range from 30 days to over 90 days. ()
Refers to the amount of time during which the interest rate lock is guaranteed for. Lock periods range from 10 to over 90 days, but the longer the lock period the higher the interest rate or points you will be charged.
The number of days for which any lock holds.
A lender's guarantee that the mortgage rate quoted will not change for a specific period. The borrower wants the lock to stay in effect until closing.
The number of days that the lender will guarantee the interest rate offered for a loan. In order to hold the guaranteed interest rate for a loan, the loan closing must occur during the lock period.