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

Allstate Insurance Thomas L. Conneely
(516)781-7722
110 Bedford Ave
Bellmore, 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
Network Lenders Of America
(201)871-1780
333 Sylvan Avenue
Englewood Cliffs, NJ
Franklin First Financial Ltd
(516) 479-5706
329 Hempstead Tpke
West Hempstead, NY
Bank of America - South Merrick
800.432.1000
2020 Merrick Rd
Merrick, NY
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
Discount Funding Associates
(516)781-8900
2079 Wantagh Avenue
WANTAGH, NY
Data Provided by:
    

Related Articles
- How to Talk to Mortgage Lenders Franklin Square NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- Advantages and Disadvantages of Refinancing Franklin Square NY
- Adjustable Rate Mortgage Franklin Square NY
- How to Compare Mortgage Programs Franklin Square NY
- Flexible Mortgage For Self Employed Franklin Square NY
- How to Understand a N.I.N.J.A. Mortgage Franklin Square NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Franklin Square NY
- How to Create a Mortgage Calculator With Microsoft Excel Franklin Square NY
- Options for Home Refinancing Franklin Square NY