Maximum Lock

Maximum Lock

The longest period for which the lender will lock the rate and points on any program.

On most programs, the longest lock period is 90 days; some go to 120 days and a few to 180 days.

It is extremely important that the lock period selected be long enough to cover your home purchase closing. On a refinance, the period must be long enough for the loan to be processed. This can vary widely, depending on the lender's workload. Discuss the time required with the broker or lender.

References in periodicals archive ?
Family kitchens across the region will have to rely on state-of-the-art products, and Panasonic's two versatile meat grinders, pumping out 3500W and 2700W (maximum lock wattage) of grinding power will be a welcome addition to any kitchenette.
a motor show!There is always a certain energy in the air at shows like this, it's almost electrifying as the rapturous applause of the crowd struggles to be heard over the roar of the engines.All of the kingdom's best-loved motoring brands were in attendance, displaying their latest mean machines and offering test-drives around the track to delighted spectators.In the show area, Team Maximum Lock, the number one drift team in the Maltese islands, treated crowds to a stunning display of drifting prowess.
On Thursday, performances by Maltese drifting experts "Team Maximum Lock" wowed the crowds, as did the daredevil antics of super bike stunt ride by Lee Bowers and the car crushing spectacular of Slingshot, a five-tonne monster truck that was the first in Europe to jump a bus.
Stunt shows will ensure tyres also get shredded, courtesy of Team Maximum Lock, who will drift and perform inchperfect synchronised driving displays throughout, while drift trucks will demonstrate that the larger vehicles can be just as spectacular.
It will feature American rapper and television host Xzibit in an exclusive concert, as well as UK professional stunt rider Lee Bowers, Malta drift team Maximum Lock and UK monster truck Slingshot.
Drift team Maximum Lock from Malta and UK monster truck Slingshot are also scheduled to appear, in addition to a National Day Car Competition, open to entries from the public.
Full browser ?