Everything You Need To Know About Loans
|  Loan Dictionary  |    |  

  Lock Definition
Lock When a lender guarantees that the interest rate they have quoted you will remain the same for a specific period of time. If your rate is locked and interest rates were to rise from the time you applied for your loan to the time of closing, you would still pay the interest rate that you were initially quoted.
   
   
   


    Next Steps: Read Money Saving Loan Advice and Find Lenders with the LOWEST Loan Rates.
 
Mortgage Loans Home Refinancing Home Equity Loans Vehicle Loans Auto Refinancing



Home Loans & Car Loans Search

Home Refinancing | Home Mortgages | Home Equity Loans & Line of Credit | Auto & Motorcycle Loans | Auto Refinance Loans
Home - Loans | About EchoBay Loans | Loan Advice | SitemapCredit Report Help CenterDefinition Dictionary


Copyright© 2008, EchoBay Loans Company
Mortgage Refinancing Home Loans Home Equity Loans Auto & Motorcycle Loans Auto Refinancing Credit Reports