nygazet.com logo
Most homebuyers don't shop around for mortgages. Why that's a bad idea
business

Most homebuyers don't shop around for mortgages. Why that's a bad idea

1 min read

Because interest rates and closing costs vary among lenders, not shopping around for the best mortgage terms can be a costly mistake.

Fstop123 | E+ | Getty Images For homebuyers, getting one preapproval for a mortgage that has palatable terms may seem good enough. More than two-thirds — 69% — of homebuyers submit only one mortgage application, according to anew report from Zillow. ... [4205 chars]

Read Original Article

Source: CNBC

Visit Source

Share this article