Discussion in 'Domain Appraisals' started by SilentCent, Oct 5, 2007.
What is this worth?? Anything?
What meaning does it have??
What meaning does it have?
In order to close on your mortgage, you must lock your rate. The lenders refer to this as a "Rate Lock".
It sounds like an industry specific term. I doesn't really 'sell' itself as anything to do with mortgages, its not going to be an end user term. I can't see any value sorry.
Isn't the Mortgage business big in the UK? And as far as it not having anything to do with mortgages....it has everything to do with Mortgages. You can't close your loan until you lock your rate which is called a "Rate Lock". Also, Rate Lock brings 1,700,000 pages in google.co.uk alone. It brings 17,300,000 pages from google.com. Its got to be worth more than 9.99 paid to register it.
Am I wrong?
I've got to be honest, I didn't have a clue (as a consumer) what a 'rate lock' was until reading this thread and that undoubtedly is going to affect any value drastically.
Good luck with the name.
Well...maybe me being in the Mortgage business for so long I have a biased opinion, but I thought it was a known term.
Thanks for your input...
I'm with Alien on this one - absolutely no idea what it meant... :roll:
Separate names with a comma.