How to Lock in a Mortgage Rate Spencerport 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

Chase Bank
(585) 637-3946
66 Main St
Brockport, NY
Crossroads Abstract
25 East Main Street
Rochester, NY
R G P Funding Inc
1548 Buffalo Road
Hampton Group LLC
11 State Street
First City Mortgage
1914 Ridge Road East
1.800.975.HSBC (4722)
Marketplace Mall 3740 West Henrietta Rd
Rochester, NY
Chase Bank
(585) 242-7833
560 Monroe Ave
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
3205 Mount Read Blvd.
Rochester, NY
Liberty Home Funding
24 Grove Street
Flaherty Funding
2595 Brighton Henrietta T
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