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

American Agency Inc
(516)379-3600
140 South Ocean Avenue
Freeport, 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
Viling Mortgages Co.
(631)321-6500
122 W Main
BABYLON, NY
Bank of America - Massapequa
800.432.1000
905 North Broadway
North Massapequa, NY
Completely Covered Insurance Agency Inc
(516)795-2642
5649 Merrick Road
Massapequa, 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 Create a Mortgage Calculator With Microsoft Excel Deer Park 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.
- How to Understand a N.I.N.J.A. Mortgage Deer Park NY
- Adjustable Rate Mortgage Deer Park NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Deer Park NY
- How to Talk to Mortgage Lenders Deer Park NY
- How to Compare Mortgage Programs 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