homebuyers

More than 250,000 homebuyers in 2022 are underwater on mortgages, study finds

More than 250,000 homebuyers in 2022 are underwater on mortgages, study finds

(NewsNation) – More than 250,000 borrowers who bought homes this year now owe more than their home is worth today, according to a new analysis. The reportby mortgage data firm Black Knight, also found that another million people who bought homes in the first nine months of the year have “limited equity”, owning less than …

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Only 13% of homebuyers are shopping for a mortgage

Only 13% of homebuyers are shopping for a mortgage

A recent study by Zillow Home Loans suggests that only 13% of potential buyers research a mortgage before applying. In fact, people spend more time researching vehicles and vacation destinations than researching a home loan. This lack of research could cost mortgage borrowers thousands of dollars. It’s always been important to shop around for the …

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