The English-Ukrainian Dictionary. Economics, Finance, Banking, Investmentss, Bank Loans. S. Ya. Yermolenko, V. I. Yermolenko. 2002.
Mandatory Mortgage Lock — The sale of a mortgage in the secondary mortgage market with terms that require the seller of the mortgage to make delivery to the buyer by a certain date or pair out of the trade. The requirement to make delivery of the mortgage or pair out of… … Investment dictionary
Best Efforts Mortgage Lock — When the sale of a mortgage in the secondary mortgage market requires that the seller, usually a mortgage originator, make a best efforts attempt to deliver the mortgage to the buyer. This type of trade exists to transfer the risk that a loan… … Investment dictionary
Mortgage analytics — is defined as an array of analysis organized by market and product which provides insight into how pricing strategy and market conditions will affect mortgage volume and demand. Analytic reports include market response, price elasticity and… … Wikipedia
lock-in — UK US /ˈlɒkɪn/ US /ˈlɑːk / noun [C] UK INFORMAL PROPERTY, STOCK MARKET ► a length of time during which you are not allowed to end a financial agreement: »Your new mortgage may have a long lock in period. »There are no lock ins with our financial … Financial and business terms
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… … Investment dictionary
Mortgage Rate Lock Float Down — A mortgage rate lock with the option to reduce the locked interest rate if market interest rates fall during the lock period. A rate lock with a float down option can provide the borrower with security against an increase during the rate lock… … Investment dictionary
Mortgage Rate Lock — An agreement between a borrower and a lender that allows the borrower to lock in the interest rate on a mortgage over a specified time period at the prevailing market interest rate. The lender may charge a lock fee, which the borrower must pay if … Investment dictionary
Lock Period — A number of days, often 30 or 60, during which the interest rate promised on a pending mortgage loan cannot be changed. Because mortgage interest rates can fluctuate while you are shopping for a home, borrowers who are waiting to close on a home… … Investment dictionary
lock in sth — UK US lock in sth Phrasal Verb with lock({{}}/lɒk/ verb ► to get and keep an advantage such as a low price for something: »People are rushing to purchase homes and lock in affordable mortgage rates before they increase. ● be locked in a… … Financial and business terms
Loan Lock — The securing of a specified interest rate on a mortgage that is in the process of being approved. A loan lock establishes the interest rate that a borrower will pay as long as the loan closes before the end of the lock period. Lock periods… … Investment dictionary
Canadian Rollover Mortgage — A home mortgage with an adjustable rate feature. The Canadian Rollover mortgage differs from a 30 year fixed rate mortgage, in that the loan s interest rate is adjusted every five years, with no cap on the interest rate adjustment. The Canadian… … Investment dictionary
