How to Lock in a Mortgage Rate Fairport 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

Citizens Bank - Canandaigua/Tops
585-396-9280
5150 North St
Canandaigua, NY
Bank of America - Fairport
800.432.1000
58 S. Main St
Fairport, NY
Allstate Insuranceshelter Rock Associates Llc
(585)279-3000
254-33 Horace Harding Blvd.
Little Neck, NY
Weldon Agency Inc.
(585)338-2141
1816 Clinton Avenue North
Rochester, NY
Territory Inc
(585)223-6060
7374 Pittsford Palmyra Road
FAIRPORT, NY
HSBC Bank
1.800.975.HSBC (4722)
Ridgemont Plaza 2791 Ridge Rd West
Rochester, NY
Citizens Bank - Lake Ave-Rochester/ Tops
585-458-2270
710 Lake Ave
Rochester, NY
Bank of America - Irondequoit
800.432.1000
1381 E. Ridge Rd
Rochester, NY
The Lyons National Bank Ontario Ofc
(315)524-9661
6254 Furnace Road
Ontario, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
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