San Diego Home Loans

Homebuyers spend twice as much time researching a new car purchase as they do investigating a home loan and they are soliciting fewer mortgage quotes than they did two years ago, according to a recent Zillow survey.

Borrowers who obtained a home loan in the past five years typically spent five hours researching their home financing options, which is unchanged from two years ago when Zillow first conducted this survey. Nearly one-third of borrowers say they spent less than two hours. However, consumers spent an average of 10 hours researching a new car purchase. Those who obtained a mortgage loan in the past five years solicited an average of three quotes, compared with four quotes reported in 2008. Read more