A lock-in is an agreement between a lender and a borrower that guarantees a specific interest rate for a specified period of time. This option allows borrowers to lock in an interest rate before they actually apply for a loan, which can protect them against future interest rate increases. This is particularly useful for borrowers who want the certainty of knowing their monthly payment will stay the same even if interest rates increase.

Real Estate Glossary | What is Lock-In??

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Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.

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