A recent report in the mortgage industry has found that borrowers who take the time to shop around for a mortgage could potentially save a substantial amount of money each year. The report showed that on average, borrowers who compare offers from multiple lenders could potentially save over $2,500 per year. This finding highlights the importance of borrowers being proactive in their search for a mortgage in order to secure the best possible deal.
Key points from the report include:
– Borrowers who shop around for a mortgage may save an average of more than $2,500 per year
– Comparison shopping for mortgage rates can result in significant cost savings for borrowers
– Taking the time to explore multiple lender options is essential for securing the most favorable terms and rates on a mortgage loan.
You can read this full article at: https://www.housingwire.com/articles/borrowers-could-save-76k-over-mortgage-lifetime-by-shopping-lendingtree/(subscription required)
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