How to Lock in a Mortgage Rate Mahopac 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
(845) 446-4981
271 Main St
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Wells Fargo - Katonah
914-232-8141
262 Katonah Ave
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Mr. Jonathan P. Delo (RFC®), CFP
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Savings Bank Of Danbury
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1207 Route 9
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1469 Route 9
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The Bank Of New York Rockland Division Banking Offices Stony Point
(845)429-1711
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Caramoor Capital Group
914-242-1194
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Hudson Valley Capital
(914)528-0472
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