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What You Need to Know About Mortgages Today

October 5th, 2011

Whether you're refinancing your home loan or getting a mortgage for a new home in Madison, things in the world of banking have changed. Dramatically so. Each lender has different parameters for who they give loans to and how much they're willing to lend. And the rate doesn't just vary by lender, but it can rise or drop a significant amount in the span of a day.

AOL Real Estate has put together a video explaining what you need to know about mortgages before you start calling lenders. They're advice? Talk to at least three lenders to make sure you're getting the best rate.

If you have any questions about getting a mortage, Sprinkman Real Estate can recommend some lenders we know and trust who can give you the answers you need. One thing we know for certain is that due diligence up front in the mortage loan process makes for a much smoother closing and happier clients. And that is what matters to us.