How to Lock in a Mortgage Rate Albany NY

OK. You've spent weeks, maybe months shopping around for a mortgage--filling out forms on the internet, waiting on hold on the phone, dropping off paperwork at the local office--but you've finally found a great interest rate with low upfront costs. Then, right before the closing, you get an unwelcome surprise: the interest rate has gone up, or you'll have to pay thousands more in points. How did that happen? While there's no shortage of unscrupulous lenders who try to pull the old bait-and-switch, there are also legitimate reasons why the terms of a mortgage may change from the time you get your quote to the time you're actually ready to buy. You can avoid the surprises, however, with a rate lock-in, also called a rate lock or rate commitment. Here's how.

Local Companies

Citizens Bank - Wolf Road / Hannaford
518-438-5910
96 Wolf Road
Albany, NY
Bank of America - Five Corners
800.432.1000
345 Princetown Rd
Rotterdam, NY
Hart Joyce R Insurance Agency
(518)785-7286
301 Old Niskayuna Rd
Latham, NY
Carteret Mortgage
(518)459-3335
45 Colvin Avenue
ALBANY, NY
Continental Home Loans Inc
(518) 250-5786
11 Century Hill Dr
Latham, NY
Bank of America - Clifton Park
518.383.3037
1 Clifton Country Rd
Clifton Park, NY
Bank of America - Westmere
800.432.1000
1791 Western Ave
Albany, NY
Old Heritage Title Agency
(518)689-0307
1 Marcus Boulevard
Albany, NY
Colonial Home Finance Inc
(518)371-1100
58 Clifton Country Rd
CLIFTON PARK, NY
Homestead Funding Corp
(518) 373-0814
1407 Route 9
Clifton Park, NY

Related Articles
- Adjustable Rate Mortgage Albany NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- How to Create a Mortgage Calculator With Microsoft Excel Albany NY
- Options for Home Refinancing Albany NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Albany NY
- How to Talk to Mortgage Lenders Albany NY
- Flexible Mortgage For Self Employed Albany NY
- How to Compare Mortgage Programs Albany NY
- Advantages and Disadvantages of Refinancing Albany NY
- How to Understand a N.I.N.J.A. Mortgage Albany NY