How to Lock in a Mortgage Rate Freeport 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

Paragon Mortgage
(516)334-2240
393 Old Country Rd
Carle Place, 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
Juman Consulting Corporation
(718)297-2790
8926 169th Street
JAMAICA, NY
United Mortgage Corp
(631) 724-7070
510 Broadhollow Rd Ste 202
Melville, NY
Chase Bank
(516) 487-9161
22 Grace Ave
Great Neck, 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
Beneficial New York Inc - Levittown
(516)731-4605
3507 Hempstead Turnpike
LEVITTOWN, NY
Data Provided by:
    

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