Misinformation about Interest Rates, Lender Fees and FHA Loans Can Lead Buyers to Make Costly Mistakes, According to Zillow Mortgage Marketplace Survey
SEATTLE, May 3, 2011 /PRNewswire/ -- As the housing market continues to struggle with high inventory and a lack of demand, home buyers appear ill-prepared to take out a mortgage, answering basic questions about mortgage information wrong nearly half (46 percent) of the time (i) according to a Zillow Mortgage Marketplace survey(ii). In fact, 44 percent admitted they are not confident in their knowledge of mortgages or the mortgage process. Zillow
