Lock-Jumper
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.
| 单词 | lock-jumper |
| 释义 | Lock-JumperLock-JumperA 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. |
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