How to Lock in a Mortgage Rate East Northport 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

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
John P. Cody Agency
(203)968-9388
827 High Ridge Rd
Stamford, CT
Coach Real Estate Associates - Residential Sales Offices- Commack
(631)499-1000
212 Commack Road
EAST NORTHPORT, 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
Coldwell Banker Matherson
631-586-9000
Deer Park, NY
Primary Funding Corp
(516)501-0095
801 Main
FARMINGDALE, NY
Data Provided by:
    

Related Articles
- Advantages and Disadvantages of Refinancing East Northport NY
Refinancing your mortgage is when you get a new mortgage loan out and use the money from the new loan to pay off your old mortgage loan. In some cases refinancing home loan options are a good idea, and in some cases, refinancing your home loan is not such a good idea. Sometimes, refinancing your mortgage may cost you more money in the long run.
- Adjustable Rate Mortgage East Northport NY
- Options for Home Refinancing East Northport NY
- How to Talk to Mortgage Lenders East Northport NY
- How to Understand a N.I.N.J.A. Mortgage East Northport NY
- How to Compare Mortgage Programs East Northport NY
- Flexible Mortgage For Self Employed East Northport NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type East Northport NY
- How to Create a Mortgage Calculator With Microsoft Excel East Northport NY