How to Lock in a Mortgage Rate Deer Park 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

Nationwide Insurance Co
(516)391-9014
706 Old Bethpage Road
Old Bethpage, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
American Home Mortgage
(516)396-7700
520 Broadhollow Road Suite 1
MELVILLE, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of S.Longbeach Rd 215 W. Merrick Rd.
Freeport, NY
Downstate Title Agency
(631)584-7141
291 Lake Avenue
Saint James, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Data Provided by:
    

Related Articles
- How to Talk to Mortgage Lenders Deer Park NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- How to Create a Mortgage Calculator With Microsoft Excel Deer Park NY
- How to Compare Mortgage Programs Deer Park NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Deer Park NY
- Adjustable Rate Mortgage Deer Park NY
- Options for Home Refinancing Deer Park NY
- Advantages and Disadvantages of Refinancing Deer Park NY
- Flexible Mortgage For Self Employed Deer Park NY
- How to Understand a N.I.N.J.A. Mortgage Deer Park NY