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Lock Period

    0.01 sec.
Lock Period

The number of days for which any lock or float-down holds.

The longer the period, the higher the price to the borrower.



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Using a highly sophisticated algorithm, myLender performs a best execution complete with loan-level adjusters for every possible note rate and lock period combination across all possible products and investors, and concisely displays the results in one of the six views.
A lock period is the period of time in which the current or agreed-upon rate is honored by the lender.
The identity of the brokers and wholesalers are not disclosed until a bid is submitted and accepted, A bid includes program requirements, rate, points, foes, lock period and delivery instructions.
 
 
 
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