Mr. Frank goes back to Washington

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?

Monday Morning Cup of Coffee: Former CFPB head eyes White House?

The bubble’s last days; New HUD rule the “Common Core” of housing
W S
Lending

4 variables buyers felt left in the dark about

Homebuyers wish they had a do-over

boxes
/ Print / Reprints /
| Share More
/ Text Size+

Purchasing your first home is one of the biggest decisions that you'll ever make, yet the odds of you wishing you could do it over and differently is quite high.

According to a recent report from Chase that surveyed 807 recent homebuyers, nine out of every 10 buyers felt prepared when they bought their first home, but in hindsight, 56% wish they were armed with more knowledge about the financial aspects of purchasing a home.

“While consumers said they felt prepared to buy a home and were satisfied with their home purchase, our results found that there are challenges and areas for improvement,” said Lisa Foradori, chief marketing officer for Chase Mortgage Banking.

More specifically, 22% of buyers wish they had known the ins and outs of closing on the house, 19% wish they had been informed on making the offer and negotiating and 15% wish they had known about financing a home.   

Here are four keys factors buyers either wish they had done or knew ahead of time. 

Recent Articles by Brena Swanson

Comments powered by Disqus