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 - Eastern Parkway/Price Chopper
518-382-9283
1640 Eastern Parkway
Schenectady, NY
Citizens Bank - Saratoga
518-587-3232
84 Congress St/Gr. Union Plz
Saratoga Springs, NY
Resource One Mortgage
(518)371-8480
400 Clifton Corporate Park
CLIFTON PARK, NY
Hometown Mortgage Corp
(518)842-8500
4193 State Route 30
AMSTERDAM, NY
Bank Of America Na Charlotte
(518) 786-3600
579 Troy Schenectady Rd Ste 20
Latham, NY
Citizens Bank - Rotterdam
518-356-3100
1725 Altamont Ave
Schenectady, NY
Citizens Bank - Saratoga / Wal-Mart
518-583-9170
16 Old Gick Rd
Saratoga Springs, NY
Bank of America - Rotterdam Plaza
800.432.1000
1428 Altamount Ave
Schenectady, NY
M & T Bank - Banking Departments- M & T Mortgage Corporation Northway
(518)877-3500
10 Executive Park Drive
CLIFTON PARK, NY
Ameriquest Mortgage Company
(518)786-9961
24 Century Hill Drive
LATHAM, NY