Report: More Than Half of Homebuyers Don't Shop Around For Mortgage
✉️ Want to forward this article? Click here.
A new report finds that more than half of homebuyers do not shop around for a mortgage.
The survey from LendingTree found that 54% of homebuyers who took out a mortgage for their most recent home purchase only got one loan offer. In contrast, 45% of homebuyers who shopped around got a lower offer than their first mortgage offer.
story continues below
loading...story continues above
"Among those who compared more than one mortgage offer, 45% say the lowest offer didn’t come from their first lender," the LendingTree report found. "Going further, 46% of those who got a mortgage say they went with a lender they didn’t have a prior relationship with."
For the full report, click here.
This article originally published at https://dc.urbanturf.com/articles/blog/report_more_than_half_of_homebuyers_dont_shop_around_for_mortgage/22367.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
The new residential project would take the place of largely vacant office buildings a... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
This week’s Best New Listings includes a townhouse on a secluded alley block and a ... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- 48 Apartments, Activated Alley Space And An Ode To Duke Pitched For DC's West End
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Best New Listings: One Of 10 On U Street; Moved By Horses To Tenleytown
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro