How to Lock in a Mortgage Rate Watertown 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

Carthage Savings And Loan Association
(315)779-9775
146 Arsenal Street Suite 11
Watertown, NY
Watertown Savings Bank
(315)232-4515
30 East Church Street
ADAMS, NY
Household Finance Corporation
(315)788-8600
21216 Pioneer Plaza Drive
WATERTOWN, NY
Northern Federal Credit Union
(315) 222-6317
120 Factory St
Watertown, NY
Carthage Federal Sav And Ln Assoc
(315) 493-3480
313 State St
Carthage, NY
North Country Cluster Inc
(315)686-5161
209 James St
Clayton, NY
Citifinancial
315-785-9217
Watertown, NY
Redwood Bank
(315)232-4517
10729 USRoute 11
ADAMS, NY
Community Bank NA - Black River Office
(315)773-5686
28499 State Route 3
BLACK RIVER, NY
Homestead Funding Corp
(315) 788-4270
210 Court St
Watertown, NY

Related Articles
- Adjustable Rate Mortgage Watertown 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 Avoid Foreclosure by Knowing Your Mortgage Type Watertown NY
- Advantages and Disadvantages of Refinancing Watertown NY
- Flexible Mortgage For Self Employed Watertown NY
- Options for Home Refinancing Watertown NY
- How to Understand a N.I.N.J.A. Mortgage Watertown NY
- How to Compare Mortgage Programs Watertown NY
- How to Talk to Mortgage Lenders Watertown NY
- How to Create a Mortgage Calculator With Microsoft Excel Watertown NY