With mortgage rates nearing 7% and home prices at a median of $440,000, it's crucial for potential homebuyers to seek competitive mortgage offers. According to a LendingTree report, comparing lenders could save borrowers around $80,024 over a 30-year mortgage. This translates to a monthly saving of $222, which could be even slightly less in 2024. An analysis indicated that searching for better deals can yield savings of up to 86 basis points, highlighting the importance of informed decision-making in securing a budget-friendly mortgage.
Owning a home is one of the costliest investments, so shopping around for the right mortgage can mean the difference between saving money over the course of a loan or spending more than you need.
A recent analysis found that shopping around can save homebuyers as much as 86 basis points on their mortgage loan.
Collection
[
|
...
]