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  • Why Buyers Choose The Antonelli Team - Why homebuyers looking for a real estate agent in the Reston, Herndon and Ashburn area choose The Antonelli Team.

  • Latest Listings - Get The Antonelli Team's latest Reston, Herndon and Ashburn listings of homes for sale first!

  • Find Your Perfect Home - The Antonelli Team will search for your ideal home and email you the newest Reston, Herndon and Ashburn MLS listings of properties in Fairfax County VA.

  • First Time Homebuyers - Are you a first time homebuyer in Reston, Herndon and Ashburn, VA? Choose a top real estate agent. The Antonelli Team can guide your home buying search.

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  • Go to Main Sitemap - Main sitemap sections include Find Reston, Herndon and Ashburn Homes, For Home Buyers, For Home Sellers, Reston, Herndon and Ashburn Information, Real Estate Resources, and About The Antonelli Team.

 

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Real Estate Tips
Interest Rates >Locking in Loan Rates

It is important for both new homebuyers and homeowners who want to refinance to understand how to lock in an interest rate when applying for a mortgage loan. Understanding how rate locks work prepares you to evaluate your options.

While you are in the process of applying for your mortgage loan, interest rates will most likely fluctuate from day to day and week to week. If you want assurance that the wonderfully low interest rate on your loan will not increase while you are waiting for loan approval, ask for a rate lock. A conventional rate lock is a guarantee from the lender that your mortgage will carry a particular interest rate, with specific, predetermined points and fees.

The interest rate is "locked in" for a specified period of time, usually thirty days. When you call a lender for a rate quote, ask how long that rate will last for. If you think you might need more than thirty days to complete your home purchase or refinance, tell your lender how many days you will require, and they will give you an adjusted rate quote.

Rate locks are especially useful if interest rates are on the upswing, and you are concerned about ending up with higher monthly payments. If you cannot afford the risk of a further interest rate increase, lock in your loan rate now.

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Real Estate Trivia
Q 
What group of settlers introduced the log cabin to the New World?

A 
The Swedish settlers of Delaware brought their own timber for building log cabins, a style that originated in Finland.
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The Antonelli Team, REALTOR®, real estate agent and broker for Reston, Herndon and Ashburn Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Antonelli Team
Long and Foster Realtors

150 Elden St. #130
Herndon, VA. 20170
Chris Antonelli Direct: 703-474-1011
Fax: 703-904-7201
Email: christopher@longandfoster.com

Vince Antonelli began his real estate career in 1988 with the goal of making real estate as easy and stress free as possible for his clients. Thanks to his hard work and dedication his business has grown steadily over the years and in early 2005 his son Christopher joined him to ensure that all of their clients received maximum attention and support.


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