How to Lock in a Mortgage Rate Maspeth 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

Capital One
201-420-2850
5913 Bergenline Ave
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Bank of America - Merrick
800.432.1000
15 Merrick Ave
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Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
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Roula Development Inc
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Easy Mortgages
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2303 White Plains Road
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Capital One
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Bank of America - 808 Columbus Avenue
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Helen Beichel
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Allied Mortgage Capital Corporation
973-614-1919
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Optimum Home Funding
(718)487-8200
11206 Jamaica Avenue
RICHMOND HILL, NY
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