How You Can Get the Most Out of Your Mortgage

Madison Wisconsin Real Estate Video Blog with Jo Ferraro

There are many great Madison, WI area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at 608-205-1321 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today we have a special guest that will help answer some questions we hear all the time about mortgage financing. Dave Van Beckum is a Senior Loan Mortgage Originator with Providence Home Lending and has worked with many of our clients..

Dave says to keep an eye out for low interest rates - which are currently hovering around 4%. In addition, he suggests you get pre-approved before beginning your home search because it will improve your confidence and let you know exactly what you can afford.

It's probably not a good idea to wait until you have more money for a down payment before entering the market. According to Dave, the rates and terms of available loans are good right now and we are also seeing attractive home prices. Waiting to buy could be risky - we are not expecting these ideal conditions to continue indefinitely. Interest rates are expected rise within the next year and small fluctuations in rates can make a big difference in whether you're eligible for a loan.

Current market conditions here in Madison are great for upgrading your home. If you want to get an extra $5,000-$10,000 on your current home, now is your chance. You can apply for a loan at www.HomeLoanMadison.com or, if you want to discuss your mortgage options with a professional, you can call Dave directly at [phone].

As always, if you are wondering whether or not now is the right time to make an upgrade or are wondering whether you should rent or sell, we are always available to help. We can provide you with a "move up" or "rent vs buy" analysis so you can feel confident in your final decision. Knowing your options will make your real estate experience much easier, so give us a call or shoot us email for all the help you need.