Most Home Buyers Overwhelmed

Dated: 11/03/2014

Views: 992

The majority of potential buyers are actually overwhelmed with the plethora of information available about the home financing process.  Here are some interesting highlights from the report:

    • 76% of those under the age of 30 feel overwhelmed
    • 76% of first time buyers feel the same way
    • 54% of those buyers who have previously owned also were overwhelmed
    • 59% of buyers turn to mortgage bankers to help evaluate mortgage terms and comparing offers
    • 49% of buyers turn to real estate agents to help evaluate mortgage terms and comparing offers

    There is help available…use it!

    Cameron Findlay, chief economist at Discover Home Loans, gives great advice:
    “The industry is becoming more transparent in an effort to help homebuyers become informed about changes that may affect their process. The sheer amount of information can lead to confusion and stress. Those looking to purchase should work closely with their lender and realtor to make sure they are comfortable with mortgage terms and understand the impact a loan will have on their finances.”
    Bottom Line

    Purchasing a home can put great pressure on a family. Reach out to the best mortgage and real estate professionals in your market for assistance throughout the process.Nearly 66% feel overwhelmed with the amount of information available

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Janis St. Onge

I am a certified Short Sale and Foreclosure Resource (SFR) who works with first time home-buyers, empty-nesters and investors. Call me today and let me be your eyes and ears in the Charleston tri-cou....

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