How to Lock in a Mortgage Rate Glen Cove 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

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Jared Cutler
611 Pondside Drive
White Plains, 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
Prospect Mortgage Llc
(203) 249-9009
68 Southfield Ave
Stamford, CT
Wells Fargo - Mamaroneck
914-381-6262
219 Mamaroneck Ave
Mamaroneck, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Sapphire Capital Inc.
(516)223-7733
1900 Grand Av
BALDWIN, NY
Data Provided by:
      

Related Articles
- How to Compare Mortgage Programs Glen Cove NY
To compare mortgage programs you need to look at the APR. What is an Annual Percentage Rate (APR)? The annual percentage rate (APR) is an interest rate that is different from the note rate. It is commonly used to compare loan programs from different lenders. The Federal Truth in Lending law requires mortgage companies to disclose the APR when they advertise a rate.
- Options for Home Refinancing Glen Cove NY
- How to Create a Mortgage Calculator With Microsoft Excel Glen Cove NY
- Advantages and Disadvantages of Refinancing Glen Cove NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Glen Cove NY
- Flexible Mortgage For Self Employed Glen Cove NY
- Adjustable Rate Mortgage Glen Cove NY
- How to Talk to Mortgage Lenders Glen Cove NY
- How to Understand a N.I.N.J.A. Mortgage Glen Cove NY