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

Easy Living Mortgages Inc.
(718)325-9690
1219 Adee Avenue
Bronx, NY
Warren A Kolbenheyer And Son
(631)351-6050
155 West Carver Street Suite 4
Huntington, 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
Sterling Empire Funding Assoc1
(718) 994-7400
2307 Eastchester Rd
Bronx, NY
Bank of America - 335 Madison Avenue
212.260.0780
335 Madison Avenue
New York, NY
Allstate Insurance Neil Koenig
(718)497-5900
6843 Myrtle Ave
Glendale, 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
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