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Stock impact report

How Homebuyers Could Potentially Save Hundreds of Dollars a Month [Yahoo! Finance]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: Yahoo! Finance
Roughly half of buyers get a quote from just one lender, even though the first lender doesn't always give the best deal. Find Out: Housing Market 2024: 50 Most Affordable Cities for Homebuyers Try This: Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup Citing a Freddie Mac study, NAR also found that buyers who shop around and get multiple quotes end up saving an average of $600 to $1,200 a year on their mortgage loan. Another study, meanwhile, estimated that they could save close to $84,000 over the life of their loan depending on factors like the size of the loan and rate they end up choosing. Shopping around could very well save you hundreds of dollars each month, but there are some other ways to save money on your home purchase. Here are the big ones, according to real estate experts Get a Loan Without Private Mortgage Insurance Private mortgage insurance (PMI) can add a hundred dollars or more to your monthly payment, depending on your loan siz Show less Read more
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