How to Lock in a Mortgage Rate Wantagh 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

Alan Kamm
305 Northern Blvd Ste 212 P.o. Box 630219
Little Neck, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, 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
Network Of Homes- Patricia Rodriguez- Broker & Assoc.
10702 Jamaica Avenue
Chase Bank
(516) 922-0951
6311 Northern Blvd
East Norwich, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Pro-Capital Consulting Services- Inc.
565 City Island Ave
Data Provided by:

Related Articles
- Adjustable Rate Mortgage Wantagh NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- How to Compare Mortgage Programs Wantagh NY
- How to Create a Mortgage Calculator With Microsoft Excel Wantagh NY
- How to Talk to Mortgage Lenders Wantagh NY
- How to Understand a N.I.N.J.A. Mortgage Wantagh NY
- Options for Home Refinancing Wantagh NY
- Flexible Mortgage For Self Employed Wantagh NY
- Advantages and Disadvantages of Refinancing Wantagh NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Wantagh NY