How to Lock in a Mortgage Rate Springfield Gardens 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

Capital One
1 Penn Plaza
New York, NY
Bank of America - East Yonkers
766 Yonkers Ave
Yonkers, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
First Funding Mortgage Bankers
4101 Church Avenue
1.800.975.HSBC (4722)
Next To C-Town Food Store 356 Whiteplains Rd
Eastchester, NY
Citizens Bank - Freeport SS
248 East Sunrise Highway
Freeport, NY
Budde Edmund W Rl Estate
16 Riverside Avenue
Amityville, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Russell Financial
401 Broadway
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