How to Lock in a Mortgage Rate Ballston Spa 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 - Saratoga
518-587-3232
84 Congress St/Gr. Union Plz
Saratoga Springs, NY
Sunset Mortgage
(518)690-0083
12 Wade Road
LATHAM, NY
Mohawk Community Bank
(518)583-4262
115 Ballston Avenue
SARATOGA SPRINGS, NY
Guardian Loan Company of Massapequa Inc
(518)383-5580
100 Clifton Corporate Park
CLIFTON PARK, NY
Carteret Mortgage
(518)374-2366
59 Snake Hill Road
SCHENECTADY, NY
Citizens Bank - Glenville / Wal-Mart
518-346-0196
200 Dutch Meadows Lane
East Glenville, NY
Accu Data Search
(518)782-0170
621 Columbia Street Extension
Latham, NY
Preferred Home Funding Inc
(518)581-8003
77 Railroad Pl
SARATOGA SPRINGS, NY
LEGG Mason Real Estate Services
(518)220-1100
950 New Loudon Road Suite 240
LATHAM, NY
Countrywide Home Loans
(518)786-3600
579 Schenectady Street
SCHENECTADY, NY

Related Articles
- How to Compare Mortgage Programs Ballston Spa NY
To compare mortgage programs you need to look at the APR. What is an Annual Percentage Rate (APR)? The annual percentage rate (APR) is an interest rate that is different from the note rate. It is commonly used to compare loan programs from different lenders. The Federal Truth in Lending law requires mortgage companies to disclose the APR when they advertise a rate.
- Flexible Mortgage For Self Employed Ballston Spa NY
- Adjustable Rate Mortgage Ballston Spa NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Ballston Spa NY
- How to Talk to Mortgage Lenders Ballston Spa NY
- How to Create a Mortgage Calculator With Microsoft Excel Ballston Spa NY
- Options for Home Refinancing Ballston Spa NY
- How to Understand a N.I.N.J.A. Mortgage Ballston Spa NY
- Advantages and Disadvantages of Refinancing Ballston Spa NY