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

Bank of America - Mechanicville
800.432.1000
1 South Main St
Mechanicville, NY
Edge Real Estate And Financial Svcs
(518)233-1700
1 Bent Pine Hollow
Clifton Park, NY
Monroe Title Insurance Corporation
(518)346-7453
620 State Street
Schenectady, NY
Ameriquest Mortgage Company
(518)431-6516
7 Southwoods Boulevard
ALBANY, NY
Bank Of America Na Charlotte
(800) 233-4601
69 State St
Albany, NY
Citizens Bank - Fifth Ave / Troy
518-272-3611
1818 5th Ave / PO Box 628
Troy, NY
Bank of America - Guilderland
800.432.1000
1450 Western Ave
Albany, NY
Nbt Bank Offices
(518)895-2364
4957 Western Turnpike
Duanesburg, NY
Colonial Home Finance Inc
(518)371-1100
58 Clifton Country Rd
CLIFTON PARK, NY
Albany Mortgage
(518)435-1129
1 Marcus Boulevard
ALBANY, NY

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