How to Lock in a Mortgage Rate Schenectady 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

Citizens Bank - Wolf Road / Hannaford
518-438-5910
96 Wolf Road
Albany, NY
Bank of America - Loudonville
800.432.1000
477 Albany Shaker Rd
Loudonville, NY
Most Credit Inc
(518)475-1925
163 Delaware Avenue Suite 101
DELMAR, NY
Commercial Mortgage Network
(518)272-3814
200 Broadway
TROY, NY
A Financial Alternative
(518)765-5047
16 Grove St
VOORHEESVILLE, NY
Citizens Bank - Schenectady
518-370-7070
501 State Street
Schenectady, NY
Bank of America - East Greenbush Price Chopper
800.432.1000
501 Columbia Turnpike
Rensselaer, NY
Schenectady Insuring Agency
(518)377-8822
155 Erie Blvd
Schenectady, NY
Knickerbocker Mortgage Inc
(518)869-2485
1524 Central Avenue
ALBANY, NY
Affordable Housing Partnership
(518)434-1730
255 Orange Street
ALBANY, NY

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