SEATTLE – May 2, 2011 – 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 costly mistake, experts say.
Here are a few basics about home loans that more customers need to understand.
Read their views at
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259388
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1) What type of Mortgage do they have?
2) What Mortgage is and do they have it?
3) Do they understand their loan options? What are the advantages of each one?
4) Do they have prepayment penalties?
While a home purchase is typically one of the largest investments people make, the lack of mortgage knowledge can be a costly mistake, experts say.
Here are a few basics about home loans that more customers need to understand.
Read their views at
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259388
-------------------------------------
1) What type of Mortgage do they have?
2) What Mortgage is and do they have it?
3) Do they understand their loan options? What are the advantages of each one?
4) Do they have prepayment penalties?
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