How to Lock in a Mortgage Rate Hopewell Junction 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

Bank of America - South Seven
860.210.0384
One Executive Center Drive
New Milford, CT
Ulster Savings Bank Branch Offices
(845)255-5470
226 Main Street
New Paltz, NY
Mccann Thomas Abstract Corporation
(845)473-4779
150 Rinaldi Boulevard
Poughkeepsie, NY
M & T Bank - Branches- Hopewell Junction
(845)221-9161
424 Route 376
HOPEWELL JUNCTION, NY
Bank of Millbrook
(845)677-5321
Af Frankln Avenue
MILLBROOK, NY
TD Bank
845-225-8429
96 Gleneida Avenue
Carmel, NY
Wells Fargo - Shrub Oak
914-528-7007
1342 E Main St
Shrub Oak, NY
John J. Oconnor Agency
(845)569-1322
316 Blooming Grove Tpke
New Windsor, NY
Sound Federal Savings - Yorktown Heights
(914)962-3883
1961 Commerce Street
YORKTOWN HEIGHTS, NY
Hudson Valley Federal Credit Union
(845)463-1709
159 Barnegat Road
POUGHKEEPSIE, NY

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