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Homebuyers don’t know mortgage basics: Zillow

Misunderstanding How Mortgage Points Work – According to U.S. News, nearly 50% of homebuyers don’t understand how mortgage points work. 45% of buyers polled in a survey by Zillow believed that mortgage points should always be purchased with a mortgage so a lower interest rate can be obtained later. However, this isn’t always best for.

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Unfortunately, it’s rare that you ever get everything you want in a home – and a good number of homebuyers seem to make decisions. can really live with the expenses of owning a home. And don’t.

and robo-signing yet Tuesday the results of a survey conducted by Zillow mortgage marketplace reveal that nearly half of the home buyers it surveyed were unable to answer basic questions about.

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When it comes to buying their first staten island home, many people are unaware of the basic facts of how their mortgage works. A survey by Zillow indicated that more than one third of potential first time homebuyers don’t understand the most fundamental details about their mortgages.

But getting ready to buy your first home is a big deal. It involves a lot of preparation, saving, and legwork. So before you start shopping around on Zillow, read through our complete guide to.

When it comes to mortgages, homebuyers answered. homeowners by real estate website Zillow. Among the survey’s findings, 31% of buyers don’t think it’s possible to get a mortgage for less than 5%.

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 · For first-time homebuyers, the process of applying for a mortgage can seem daunting and those that haven’t been in the market for a while may need a refresher course. Based on the survey results of Zillow, here are some of the most common facets of the mortgage process that are misunderstood. Best Terms and Rates

A quick tour of the home provides a basic understanding of the floor plan, condition and size. But to really know a home, dig deep. or your agent would like to ask the listing agent, but don’t want.

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