How to Lock in a Mortgage Rate Coram 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 - Selden
800.432.1000
994 Middle Country Rd
Selden, NY
Washington Mutualfinancial Center
(631)727-7700
655 Old Country Rd
Riverhead, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Horizon Mortgage Equities Inc
(631)757-2500
40 Vernon Valley Road
EAST NORTHPORT, NY
Capital One
631-728-6500
95 East Montauk Hwy
Hampton Bays, NY
Washington Mutualfinancial Center
(631)751-8846
430 Route 25a
East Setauket, NY
JOSEPH CONBOY
P. O. BOX 449
SHOREHAM, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Titan Financial Services Inc
(631)360-3522
111 Smithtown Bypass Suite 105
HAUPPAUGE, NY
Data Provided by:
    

Related Articles
- How to Create a Mortgage Calculator With Microsoft Excel Coram NY
An article describing how to create an Excel spreadsheet that calculates the monthly payment needed to pay off the loan and the total cost of the loan, assuming a constant yearly rate. The spreadsheet displays a table showing how much of the monthly payment is applied to interest and to principle. The workbook is also flexible enough to show how the loan and subsequent payments are affected if any extra money is put against the principle.
- Adjustable Rate Mortgage Coram NY
- How to Talk to Mortgage Lenders Coram NY
- How to Understand a N.I.N.J.A. Mortgage Coram NY
- Options for Home Refinancing Coram NY
- Advantages and Disadvantages of Refinancing Coram NY
- Flexible Mortgage For Self Employed Coram NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Coram NY
- How to Compare Mortgage Programs Coram NY