Saturday , 23 January 2021

CFPB: Nearly Half of Homebuyers Don’t Shop Around for Mortgages

By Tory Barringer

Looking at the shopping behaviors of mortgage borrowers in 2013, the bureau found that 47 percent of buyers don’t take the time to shop around and compare lenders, resulting in potentially higher costs. Furthermore, 77 percent end up applying with only one lender or broker rather than filling out multiple applications to see who will offer the best deal.

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