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Mortgage Rate Locks Can Be Broken

posted 253 weeks ago on Mortgage Refinancing - What You Need to Know

Mortgage rate locks are supposed to protect you from rising interest rates while your loan originator prepares the documents necessary to close on your loan. What happens when your mortgage rate lock breaks? Broken locks occur when you arenâ??t able to close before your designated lock period expires. Ones your lock breaks [...]
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