Mortgage Shopping: What You Need to Know

While 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.