Many Borrowers Lack Mortgage Knowledge
A recent survey by Zillow Mortgage Marketplace found that borrowers who received a home loan in the past five years spent, on average, five hours researching their options. That’s about half the amount of time borrowers spent researching a car purchase (10 hours). What’s more, nearly one-third spent two hours or less, according to Zillow.
While a home purchase is typically one of the largest investments people make, the lack of mortgage knowledge can be a c... read more