Kiến thức vay thế chấp chungCâu 148 / 400
A rate lock primarily protects the borrower against what?
a.Property damage
b.Default
c.Appraisal shortfalls
d.Interest rate increases before closing
Giải thích
A rate lock guarantees a specific interest rate for a set period, protecting the borrower if market rates rise before closing. It does not cover property damage, default, or appraisal value.
Trích dẫn luật: TILA / Regulation ZLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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