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Shopping Around Could Save Borrowers $100 Per Month: CFPB

Sunday, Jun 04 2023
Lending
Written by  The Mortgage Leader

A study by the Consumer Financial Protection Bureau has found that loan shopping could save borrowers $100 or more each month. So reports NEXT Mortgage News.

CFPB 150x150Prices for the same mortgage often vary by about 50 basis points of the annual percentage rate, according to the study.

For a $300,000 loan at today’s rates, that can mean a gap of $100 per month.

Read the full article from NEXT Mortgage News.

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