How to Lock in a Mortgage Rate Long Island City 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

TD Bank
973-471-2031
185 Garibaldi Avenue
Lodi, NJ
Gfi Mortgage Bankers
(201)862-0001
1415 Queen Anne Rd
Teaneck, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Citibank
(212)688-1308
800 3rd Ave
NEW YORK, NY
Gfi Mortgage Bankers Inc
(212) 837-4537
145 Main Ave
Passaic, NJ
TD Bank
(718) 438-3325
987 4th Avenue
Brooklyn, NY
Investors Mutual And Investors Commercial Company
(973)762-6200
1811 Springfield Ave
Maplewood, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Financial Access Corporation
(914)834-2356
2179 Boston Post Road
LARCHMONT, NY
ACM Mortgage Corporation
(718)464-7100
88-41 Ransom Street
QUEENS VILLAGE, NY
Data Provided by:
    

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