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Lock-Jumper |
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Lock-Jumper A borrower, usually refinancing rather than purchasing a home,who allows a lock to expire when interest rates go down in order to lock again at the lower rate. See Mortgage Scams and Tricks/Scams by Borrowers/Lock Jumping. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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