Many Mortgage Borrowers Leaving Thousands Of Dollars On Table

A new report from Fannie Mae indicates that many U.S. mortgage shoppers are leaving thousands of dollars on the table when they apply and close a mortgage. Data from Fannie Mae’s November 2012 National Housing Survey Topic Analysis Report suggests that consumers could save money and find a more suitable mortgage product if they shopped more effectively and took the time to research different lenders and rates. This confirms a report issued by the Deparment of Housing and Urban Development which suggested that borrowers who obtained multiple quotes from mortgage lenders could save $1,000 or more on closing costs alone.

Many Mortgage Borrowers Leaving Thousands of Dollars on Table