How to Lock in a Mortgage Rate Wappingers Falls 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

Wells Fargo - Hopewell Junction
394 Route 376
Hopewell Junction, NY
Citizens Bank - Fishkill
463 Route 9
Fishkill, NY
Miles Mortgage Service
236 South Plank Road
G M A C Mortgage
1440 Route 9
Residential Home Funding Corporation
(888) 894-3793
1100 Route 55
Lagrangeville, NY
Bank of America - Vails Gate
405 Windsor Highway
New Windsor, NY
Citizens Bank - Newburgh SS
1429 Meadow Hill Rd./Rt. 300 Rt. 87
Newburgh, NY
Balch Buyers Realty
Brewster, NY
Guarenteed Home Mortgage Corporation
52 North Plank Road
Di Russo Robert
1281 Route 311

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