How to Lock in a Mortgage Rate Rye 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
(914) 944-1593
174 S Highland Avenue
Ossining, NY
Benedict And Cafagno Agency
Po Box 460
White Plains, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Bank of New York
250 South Middletown Road
Capital One
161-01 Jamaica Ave
Jamaica, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Data Provided by:

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