A borrower who lets a lock run out when interest rates lower so as to lock in again at an even lower rate. These borrowers are typically refinancing a home, rather than buying one.
Related information about lock jumper:
- What is lock jumper? definition and meaning
Definition of lock jumper: A borrower who lets a lock run out when interest rates lower so as to lock in again at an even lower rate. These borrowers are typically ...
- Lock-Jumper - Financial Dictionary - The Free Dictionary
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.
- What is a lock-jumper?
Find the answer to the question: What is a lock-jumper?
- Another failed lock jumper
Saturday, 25 August 2012 09:28. ANOTHER teenager, attempting to jump a canal lock has failed, injuring himself in the attempt, but made up a mugging story to ...
- Questions About the Failure of Mortgage Locks - Mortgage Professor
Dec 15, 2003 ... A "lock-jumper" who bolts in search of a better deal elsewhere, loses the fee. Such lenders may also require submission of a full application ...
- Is the Borrower Committed by a Mortgage Lock? - The Mortgage ...
Jul 22, 2002 ... "Why would a "lock-jumper" be considered a shoplifter? It seems to me that most lenders and brokers don't tell the borrower that a lock is ...
- HMP240 SERIES TRANSMITTERS User's Guide - Vaisala
Security lock jumper ....................................................................................17. 4.3 ... Commands and security lock jumper .........................................................24. 5.2 ...
- replace with the SES jumper plug - Bimmernav
Lock Jumper Plug onto SES connector by rotating locking lever (3) into full lock position. Phone wiring harness is capable now of accepting the CPT 7000 digital ...