Homebuyers don’t know mortgage basics: Zillow

Yet years after the financial crisis, potential buyers still don’t know. the most basic things. Zillow recently surveyed prospective and current homeowners about their mortgage expertise, and.

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According to a study conducted by Zillow, when it comes to understanding mortgages, buyers answered basic questions about terms. which is the best deal for you, if you don’t understand what the.

According to a Zillow.com study: Among first-time buyers, 38 percent say they’re "somewhat concerned" about whether they qualify for a mortgage. Seven percent say they don’t know what to expect from the mortgage process. When seeking a mortgage, 54 percent will contact two or more lenders.

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Zillow Mortgage Marketplace, with Ipsos, surveyed prospective home buyers, asking them to gauge their own knowledge of mortgages, and asking basic questions about mortgage facts. For example, more than half (57 percent) of prospective home buyers who were polled do not understand how adjustable rate mortgages (ARMs) work.

What Zillow Doesn't Tell You About NC Real Estate. Zillow recently surveyed prospective and current homeowners about their mortgage expertise, and results from the study reveal that many homebuyers don’t know the answers to simple questions about.

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Zillow recently surveyed prospective and current homeowners about their mortgage expertise, and results from the study reveal that many homebuyers don’t know the answers to simple questions about.

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