How to Lock in a Mortgage Rate South Ozone Park 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

Bank of America - Massapequa
800.432.1000
905 North Broadway
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Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
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Wilson Funding Inc
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28 West 44
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Next Five Funding
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Real Estate Mortgage Network Inc
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7214 Bergenline Ave
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Chase Bank
(718) 423-3203
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1133 Park Place
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Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
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Washington Mutual - Bank Locations- 31st & Park Avenue
(212)213-1110
460 Park Avenue South
NEW YORK, NY
Ellyn Miller Mortage Consultant
(516)741-6570
221 Mineola Blvd
MINEOLA, NY
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