Q: After a rate lock expires are you required to extend or can the current mortgage rate be used?
A:
Under normal circumstances no one can force a borrower to get a rate lock or even to stay with a particular lender. The rate lock offers protection to a potential borrower, so it is entirely up to them. Now a lender may have its own rules about how long its approval is good for, and one might need to go back to square one if too much time has passed, but that is a different question.
While not legal advice I hope that this helps.
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