What exactly does "locking" mean?

After you lock, we’ll hold your rate for you while we work together on the loan process. This gives you time to complete your application with peace of mind, knowing that your rate and monthly payment won’t change due to market movements.

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Home lending products offered by Better Mortgage Corporation. Better Mortgage Corporation is a direct lender. NMLS #330511. 120 Broadway, 5th Floor, New York, NY 10271. Loans made or arranged pursuant to a California Finance Lenders Law License. Not available in all states. Equal Housing Lender. NMLS Consumer Access

Better Real Estate, LLC is a Virginia Licensed Real Estate Firm with its principal office located at 312-F East Market St., Leesburg, VA 20176. License #0266029484. Equal Housing Opportunity

Better Settlement Services, LLC. 175 Greenwich Street, FL 59, New York, NY 10007

Better Cover, LLC is a Pennsylvania Resident Producer Agency. License #881593. 175 Greenwich Street, FL 59, New York, NY 10007

Better Mortgage Corporation, Better Real Estate, LLC, Better Settlement Services, LLC and Better Cover, LLC are separate operating subsidiaries of Better Holdco, Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable and legal and regulatory requirements. Products not available in all states.