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Page 19 of 30 lock-in - A written agreement in which the lender guarantees a specified mortgage interest rate if a mortgage closes within a set period of time. The lock-in also usually specifies the number of points to be paid at closing. Also check out Mr. Thifty's Guide to Shopping for a MortgageAbout Mr. Thrifty: Mr. Thirfty's goal is to help others make the most out of their financial resources through education, suggestions and humor. If you like what you see, tell your friends about Mr. Thrifty!
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