Lockout Period

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Lockout Period: Many Loan Transactions Contain What Is Known As A “Lockout” Period – That Is, A Period Subsequent To Closing Where The Prepayment Of A Loan Is Prohibited. In Securitized, Fixed Rate Financings, The Loan Is Not Prepayable At All And Is, In Effect, “Locked Out” From Prepayment

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Information provided is for guidance purposes only and not to be construed as a loan solicitation. We, International Investors Mortgage LLC (IIM), do not offer or negotiate terms of owner occupied residential mortgage loans. We collaborate closely with a niche group of licensed Real Estate and Mortgage Professionals. Clients are introduced to licensed corporations that operate under Privacy Protection Banking Acts. We collaborate solely with regulated financial entities that adhere to State and Federal regulations. Our strategic partners understand the importance of client privacy protection during the entire loan approval process.

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