Did you know that nearly half of U.S. home buyers don’t consult multiple lenders when they are seeking a mortgage?
A just released government report revealed that amazing fact which truly raises questions about whether folks are getting the best possible deal out there.
An analysis that was published today of borrowers who purchased a home last year found that 47 percent of those surveyed seriously considered only one mortgage lender. That number was slightly lower, at 44.5 percent, for first-time homebuyers according to the survey results published by the Consumer Financial Protection Bureau (CFPB).
We at First International Title encourage you to look around for the most comfortable mortgage package you can find. You owe that to yourself as the purchase of a home is such an important decision to make.
In remarks prepared for a speech at the Brookings Institution on Tuesday, CFPB Director Richard Cordray said the lack of comparison shopping is a problem.
“Almost nobody looks at one house and decides right there,” he offered. “Consumers spend considerable time looking at different neighborhoods and at different homes for sale. The same should be true of choosing among possible mortgage loans.”
We couldn’t have said it any better ourselves!
Founded in 2009 during one of the slowest real estate markets in the past half century, First International Title has grown from a handful of offices to over 30 offices throughout the state, from Key West to Pensacola, including its company headquarters in Coral Springs. We provide closing services in English, Spanish, German and French. With a combined 1,000 years of experience, our staff has extensive experience closing residential, refinance, reverse mortgage, short sale, REO, deed-in-lieu and commercial transactions. We do not outsource or offshore any portion of our core title services. We employ our own searchers and examiners to ensure quick turn times and accuracy. At First International Title, we put our customers first.
First International Title 
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