Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Lock Lock November 9, 2021 Written agreement in which a lender guarantees a specific interest rate if a loan closes within a set period of time. The lock-in may also specify the number of points to be paid at closing.You Might Also Like: Everyday MoneySaving for the Holidays: Tips to Start Early Family MattersBack to School Savings: Tips for Stretching Your Budget Everyday MoneyBuilding and Maintaining Financial Health Throughout Your Life Everyday MoneyWhat Is A One-Time Passcode (or verification code) And Why Would Someone Ask Me For It? Living QuartersFirst-Time Homebuyer’s Playbook: 4 Steps to a Successful Offer
