How to Lock in a Mortgage Rate Howard Beach 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
(718) 423-4342
27258 Grand Central Pkwy
Floral Park, NY
Lower East Side Peoples Federal Credit Union
(212)529-8197
37 Avenue B
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Pamrapo Savings Bank Branch Office
(201)437-1245
155 Broadway
Bayonne, NJ
Meadowbrook Financial Mortgage Bankers
(516) 867-3020
2014 Grand Ave Suite 201
Baldwin, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of Canal Street 58 Bowery
New York, NY
Atlas Financial Services Inc.
(718)946-7474
3072 Brighton 1st Street
Brooklyn, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mortgage Shop
(718)621-7555
7115 13th Avenue
BROOKLYN, NY
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