How to Lock in a Mortgage Rate Farmingdale 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

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
Roslyn National Mortgage Corp
(516)374-7107
333 Central Av
LAWRENCE, NY
At Home Mortgage
(516)432-4926
127 Maple Boulevard
LONG BEACH, NY
Commercial And Residental Loans
(718)291-1360
87 -01 Midland Pkwy #ib
Jamaica, 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
Patriot Equites Inc
(516)285-8500
1975 Linden Boulevard
ELMONT, NY
Data Provided by:
    

Related Articles
- How to Avoid Foreclosure by Knowing Your Mortgage Type Farmingdale NY
Losing home in a foreclosure process is a miserable thing. And the reason behind foreclosure is that people stop making their mortgage payments. Ofen, you can avoid this unfortunate financial condition by reading the mortgage documents carefully, before signing on the dotted lines. Be sure to hire an attorney to help you understand what you are getting into.
- Adjustable Rate Mortgage Farmingdale NY
- How to Compare Mortgage Programs Farmingdale NY
- Advantages and Disadvantages of Refinancing Farmingdale NY
- Options for Home Refinancing Farmingdale NY
- How to Talk to Mortgage Lenders Farmingdale NY
- How to Create a Mortgage Calculator With Microsoft Excel Farmingdale NY
- Flexible Mortgage For Self Employed Farmingdale NY
- How to Understand a N.I.N.J.A. Mortgage Farmingdale NY