How to Lock in a Mortgage Rate Saint James 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

Allstate Insurance Phil Costa
(631)821-3311
538 Route 25a Suite A
Rocky Point, NY
JOSEPH CONBOY
P. O. BOX 449
SHOREHAM, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Lincoln Mortgage
(631)547-9700
33 Walt Whitman Rd
HUNTINGTON STATION, NY
Ameriquest Mortgage
(516)496-2838
6800 Jericho Turnpike
SYOSSET, NY
Bank of America - Fairfield Circle
203.256.4260
1320 Kings Highway Cutoff
Fairfield, CT
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Empire Mortgage Associates
(631)580-0598
751 Coates Avenue
HOLBROOK, NY
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