You May Be Charged for a Lock-In: Mortgage Center

Lenders may charge you a lock-in fee that may or may not be refundable if you do not close your loan. The amount of the fee and how it is charged will vary among lenders and may depend upon the length of the lock-in period.

This information is adapted from "A Consumer's Guide to Mortgage Lock-Ins" published by the Federal Reserve Board and the Office of Thrift Supervision.

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