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Attention all prospective Wisconsin home buyers! Whether you are a first-time home buyer Wisconsin or a repeat, Total Mortgage offers a platform that helps you make the correct home financing decisions. Are you eager to discover the current mortgage rates Wisconsin in the Badger State? We are your go-to group for guiding you through the maze of funding alternatives in Wisconsin, ensuring you obtain the faultless fit for your circumstances. Allow our team of specialists to help discover the best and the most competitive Wisconsin mortgage rates.

What our Wisconsin clients say

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Manara J.

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From the moment we met Shane—which was the last minute before offering on our home—he went above and beyond to support us through our home purchase. Shane took time out of his 1st wedding anniversary picnic to introduce himself to us and walk us through the pre-approval process. He was available for us 24/7 for our many questions and explained everything about our mortgage process in a respectful and approachable method so we felt comfortable with each step as we moved toward closing. He worked with us closely to get a great rate while meeting our monthly payment comfortability. I would use Shane for every home purchase and recommend him to all of my friends and family. He is reliable, knowledgable, and genuine. We couldn't imagine navigating our first home purchase without his expertise and guidance. 10/10! We are lucky to have made a life-long partner in real estate as well as a friend.

William F.

zillow

Ryan was a huge help through every step of the process and made the whole process a breeze with his guidance. I would and will recommend him to any friends or family looking to buy a home in the future.

Ignoto12987

zillow

As a first-time home buyer, my fiance and I had no idea what to expect and had a ton of questions throughout the process. Shane made everything so much easier than I thought it would be. He always took the time to explain things in a way that actually made sense and was incredibly responsive whenever we had questions or concerns. Buying a home can feel overwhelming, but Shane made the process feel manageable and much less stressful. He genuinely cared about helping us and never made us feel like just another client. We’re incredibly grateful for all of his hard work helping us get into our first home, and I would highly recommend him to anyone looking to buy a house.

Jon R.

zillow

Shane was awesome. He made the home purchase process simple and stress free. He was easily available by phone or text when I needed him. He genuinely cared about me and my mortgage needs, championing me and checking in along the way. I will definitely use him again to refinance or for a future purchase. Highly recommend this guy!

Keith

zillow

As a first-time home buyer, I couldn't have asked for a better experience. When the owners decided to sell the Connecticut condo I was renting, I was nervous about buying without a real estate agent involved. Shane Higgins and his team made the 2.5-month process smooth and manageable, guiding me every step of the way. Closing day was incredible, and I was overjoyed to become a homeowner. I highly recommend Shane for his dedication, professionalism, and commitment to helping me achieve homeownership.

Pamelamarquis

zillow

Jim McNiff and his team at Total Mortgage have this down to a science. Easy to apply, clear, concise instructions and perfect communication through every step. As a retired mortgage finance professional, I know how difficult even “simple” applications can be. Total Mortgage knocked this out of the park. Can’t possibly thank them enough

James S.

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Jim and Kimberly from Total Mortgage made our home buying experience easy. All questions were answered and explained quickly. Communication was the best I've ever experienced with a lender as well. We cannot thank them enough.

Ebony S.

thelenderlist

Total Mortgage went above and beyond. Chris and his team were excellent

William H.

thelenderlist

As first time home buyers my wife and I were unsure what to expect and how to navigate the loan process. Shane explained everything in great detail, and was available to talk whenever we needed. He made a daunting process smooth and easy and I couldn't be happier we chose to work with him. Would recommend without reservation to anyone looking for someone who is knowledgeable and responsive and clearly takes great pride in his work. Thank you again!!!

Patrick

zillow

Frequently asked questions about Wisconsin mortgages

What is considered a good mortgage interest rate?

When exploring mortgage rates, it's essential to evaluate not only the interest rate but also consider additional loan terms such as annual percentage rates (APRs), fees, and closing costs. A comprehensive comparison of loan specifics from multiple lenders is crucial in identifying the most advantageous deal tailored to your circumstances.

Should I lock my mortgage rate?

Mortgage rates are subject to frequent and unpredictable changes. Contemplating locking your mortgage rate may be prudent under the following conditions:

  • Rising rates: If there's a sustained upward trend in rates over several weeks or months, securing your rate ensures it won't exceed the initially qualified rate.
  • Federal Reserve meeting: Anticipating a potential rate increase during a Federal Reserve meeting, consider locking your rate before the meeting for financial security.
  • Desire for financial certainty: Locking your rate guarantees a stable monthly mortgage payment, shielding you from unexpected changes.
  • Set closing date: If your closing date is fixed with no expected delays, securing your rate is a strategic decision.

How long does a mortgage rate lock last?

The specific lock-in period may vary, but generally, you can secure a mortgage rate for 30 to 60 days. Once the rate lock expires, unless the lender agrees to an extension, the initially locked rate is no longer guaranteed. Changes in factors like credit score, loan amount, debt-to-income ratio, or appraisal value during the lock-in period could potentially void the initial rate lock.

Is it possible for me to negotiate my mortgage rates?

Depending on your credit qualifications and willingness to obtain quotes from multiple lenders, negotiating a lower mortgage rate may be feasible. Another option is purchasing mortgage points, where paying a percentage of the interest upfront can reduce the interest rate and monthly payments. A mortgage point is equivalent to approximately 1% of the total loan amount, translating to around $2,500 on a $250,000 loan.

How are interest rates determined?

Lenders establish interest rates for their loan products, influenced by factors such as the Federal Reserve's actions, economic conditions, and consumer demand. Changes in short-term rates by the Federal Reserve can prompt lenders to adjust mortgage rates. Individual considerations, including credit score, down payment, income, as well as the varying levels of risk and operational expenses for lenders, can also impact mortgage rates.

How frequently do mortgage rates change?

Mortgage rates can vary daily, influenced by factors like inflation, the bond market, and the overall housing market.

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