How to Lock in a Mortgage Rate Franklin Square 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

Helen Beichel
1133 Park Place
Brooklyn, 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
Ellyn Miller Mortage Consultant
(516)741-6570
221 Mineola Blvd
MINEOLA, NY
Ameriquest Mortgage Company
(718)746-2035
1720 Whitestone Expressway
WHITESTONE, NY
Allstate Insurance Eric Yergan
(212)831-3100
226 E 89th St
New York, 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
Washington Mutual - East Village- Bank
(212)674-3980
130 2nd Avenue
NEW YORK, NY
Custom Funding Corporation
(516)294-4071
436 Willis Avenue Suite 1
WILLISTON PARK, NY
Data Provided by:
    

Related Articles
- How to Create a Mortgage Calculator With Microsoft Excel Franklin Square 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 Talk to Mortgage Lenders Franklin Square NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Franklin Square NY
- How to Compare Mortgage Programs Franklin Square NY
- Adjustable Rate Mortgage Franklin Square NY
- How to Understand a N.I.N.J.A. Mortgage Franklin Square NY
- Advantages and Disadvantages of Refinancing Franklin Square NY
- Options for Home Refinancing Franklin Square NY
- Flexible Mortgage For Self Employed Franklin Square NY