Sale Pending

Did you pay too much for your mortgage? If you’re like millions of Americans, the answer is probably yes — and that means you may be throwing tens of thousands of dollars of your hard-earned money at the bank, when you might not need to.

A report released Tuesday by the Consumer Financial Protection Bureau finds that almost half (47%) of Americans don’t shop around for a mortgage when they purchase a home. “Consumers put great thought into the choice of a home, but the mortgage process continues to be intimidating,” CFPB Director Richard Cordray said in a statement.

Click on the photo above to read the article that will give you some examples of the difference even 1/10 of a % in your interest rate can cost you money. One example shows how a .5% difference in a fixed rate loan made a difference of $27,000.  Remember that OWN THIS HOME TEAM can help you with ALL of your real estate needs!