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Anthony Manera, a senior home loan specialist at Dai Tech, discusses the importance of the Interest Rate Lock Agreement in a lending package. This document is crucial for protecting customers from unexpected changes in their offer at closing. By having an executed agreement, customers can know their interest rate and how long it is locked in for, providing peace of mind. It is essential to follow the lender's instructions on returning the form promptly. Having this document ensures that your offer is protected.
