Borrowers Lack Basic Mortgage and Homebuying Knowledge, Survey Shows

When buying a home, it is important to be knowledgeable about the current market as well as real estate basics. A recent survey shows that buyers are very misinformed when it comes to various aspects of the home-buying process. These aspects include interest rates, the foreclosure process, and refinancing options. This is especially true when it comes to VA loans which can have more restrictions and requirements that the average loan. Lack of knowledge can be very costly in the real estate industry, so consulting a professional is advised. Read the full article here: