Mortgage Rate Lock Deposit

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Dictionary Says

Definition of 'Mortgage Rate Lock Deposit'

A fee that a lender charges a borrower that allows the borrower to lock in an interest rate for a certain time period with the expectation that the borrower's mortgage will fund within that time period. The longer the lock period, the larger the required lock deposit. The lock deposit is credited to the borrower when the mortgage funds. If the borrower walks away from the lock agreement, he or she loses the lock deposit. 
Investopedia Says

Investopedia explains 'Mortgage Rate Lock Deposit'

Many lenders do not charge lock deposits as borrowers tend to shy away from them. However, borrowers should recognize that as with all things financial, "there is no free lunch", and a reputable lender that requires a lock deposit may be able to offer a lower interest rate. 
Search results for

'Mortgage Rate Lock Deposit'

  • Got A Good Mortgage Rate? Lock It Up!

    http://www.investopedia.com/articles/pf/08/lock-mortgage-rate.asp
    ... Some lenders charge a mortgage rate lock deposit, while others provide a rate lock
    in exchange for an interest rate that is slightly higher than the prevailing ...

  • 12 Steps To Closing A Real Estate Deal

    http://www.investopedia.com/articles/mortgages-real-estate/10/closing-home-process.asp
    ... are at a low point so you can lock then. ... (For more, check out How Will Your Mortgage
    Rate?) 9. Remove ... Obtaining financing at an interest rate not to exceed a ...

  • 10 Questionable Investments - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/10-Questionable-Investments.aspx
    ... If you plan to vacation in the same resort every year and want to lock yourself
    into ... View more rates >>. Rate data provided by. Mortgage. Click product ...

  • Are CDs Good Protection For The Bear Market?

    http://www.investopedia.com/articles/bonds/08/CD-certificate-of-deposit-recession-bear-market.asp
    ... you decide this is money you can afford to lock up for ... by rolling it into a higher
    CD rate or cashing ... interest you earn on the certificate of deposit every year ...

  • Financial New Year's Resolutions You Can Keep

    http://www.investopedia.com/articles/pf/06/newyear.asp
    ... egg and paying extra on your mortgage, talk to ... and Mortgages: Fixed-Rate Versus
    Adjustable-Rate.) Other Resolutions ... allocation, you take steps to lock in gains ...

  • Top Mobile Banking Dangers And How To Avoid Them - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0111/Top-Mobile-Banking-Dangers-And-How-To-Avoid-Them.aspx
    ... set up the password-protect option on your phone and when it's not in use, lock
    it. ... View more rates >>. Rate data provided by. Mortgage. Click product ...

  • The Credit Crisis And The Carry Trade

    http://www.investopedia.com/articles/forex/09/credit-crisis-carry-trade.asp
    ... ample time to close out the trade and lock in profits. ... and buy US dollars at an exchange
    rate of 115 ... 10% margin to acquire a portfolio of mortgage bonds paying ...

  • CFA Level 1 Study Guide - Derivatives - Currency Forward Contracts ...

    http://www.investopedia.com/exam-guide/cfa-level-1/derivatives/currency-forward-contracts.asp
    ... 14.23 Mortgage-Backed Securities (MBS); 14.24 Federal Issues; ... 15.18 Eurodollar Time
    Deposit Markets; 15.19 Characteristics of Forward Rate Agreements (FRAs); ...

  • Pay For College Without Selling A Kidney

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    ... to age 18 at an 8% annual rate of return ... prepaid tuition plans and CollegeSure
    certificates of deposit (CDs ... parents or relatives to prepay and lock-in tuition ...

  • CFA Level 1 Study Guide - Derivatives - What is a Derivative? ...

    http://www.investopedia.com/exam-guide/cfa-level-1/derivatives/what-is-a-derivative.asp
    ... 14.23 Mortgage-Backed Securities (MBS); 14.24 Federal Issues; ... 15.18 Eurodollar Time
    Deposit Markets; 15.19 Characteristics of Forward Rate Agreements (FRAs); ...

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