Tag: rate lock

Does the Borrower or Lender Determine the Lock-In Date?

Question: Our company is requiring a conditionally approved loan before they will allow the borrower to lock.  Is the rate lock timing the borrower’s or the lender’s decision? Answer: Good question. However, there is no regulation/law that prevents a lender from requiring certain milestones be completed before allowing a loan to be locked.  Many lenders […]

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