Mortgage Shopping: What You Need to Know

What Works NowWhile it's true that interest rates are near historic lows, not all home loans are created equal. Depending on the lender you choose, the type of mortgage you apply for, even the time of day you approach your lender, you could be quoted a different price for your mortgage. If you don't compare the rates of at least 3 lenders, you could end up paying substantially more over the life of your loan.

To learn the all the ins and outs of mortgage shopping, watch the AOL original video below.

Also see:
Is That Home Really Worth the Asking Price?
Short Sales: Are They Worth the Trouble?

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
homes for sale in your area.
foreclosures in your area.
See celebrity real estate.
Read Full Story

Find a home

Powered by Zillow