How to Lock in a Mortgage Rate Smithtown 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

Legacy Abstract Corp
(516)777-7500
60 Conklin
Farmingdale, NY
JOSEPH CONBOY
P. O. BOX 449
SHOREHAM, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Phh Home Loans Llc
(866) 897-0056
136 W Main St
Babylon, NY
Capital One
631-206-2930
290 Main Street
Islip, NY
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. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
American Century Mortgage Banking Corporation
(631)845-4900
225 Broadhollow Road
MELVILLE, NY
Data Provided by:
    

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