If you’re in the market for a home, you know “get a mortgage loan” is going to be at the forefront of your to-do list (among many other things). What you might not know is that “shop for the best rate” should be a sub-bullet right underneath that step. “It’s shocking, but many people don’t shop around for a mortgage,” financial advisor Amanda Steinberg writes in her 2017 book, Worth It: Your Life, Your Money, Your Terms. “The Consumer Financial Protection Bureau found that nearly half of home buyers do not look for mortgages with more favorable interest rates. Why?”

Well, for one: It’s the Wild West out there. If you’ve gotten even a third of the way through the home-buying process, you know there’s enough paperwork to fill what was supposed to be the guest bedroom in your new place. The process is overwhelming—so much so that simply getting a preapproval from one lender feels like a win. But you shouldn’t stop…

 

Majority of Americans believe home prices will go up