How to Lock in a Mortgage Rate Bayside 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

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Washington Mutual - East Village- Bank
(212)674-3980
130 2nd Avenue
NEW YORK, NY
First Alternative Mortgage Corporation
(914)712-9300
145 Huguenot Street Suite 109
NEW ROCHELLE, NY
Bank of America - Third Avenue/42nd Street
212.867.9546
675 Third Avenue
New York, NY
Allstate Insurance Matthew Andrews
(718)204-5300
3017 Astoria Blvd
Astoria, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Wall Street Equity Broker Inc
(914)997-0081
222 Bloomingdale Road Suite 104
WHITE PLAINS, NY
Data Provided by:
      

Related Articles
- How to Compare Mortgage Programs Bayside 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 Bayside NY
- Adjustable Rate Mortgage Bayside NY
- Advantages and Disadvantages of Refinancing Bayside NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Bayside NY
- How to Talk to Mortgage Lenders Bayside NY
- Options for Home Refinancing Bayside NY
- How to Understand a N.I.N.J.A. Mortgage Bayside NY
- How to Create a Mortgage Calculator With Microsoft Excel Bayside NY