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The Commitment Issued by a Lender to Borrower or Other

Question 2

Question 2

Multiple Choice

The commitment issued by a lender to borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost is called:

A) a rate lock
B) under lock and key
C) a promissory note
D) a deed of trust

Correct Answer:

Verified

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