Homebuyers Overpaying Big in Major Cities | Durham News

Homebuyers in major cities are paying way too much on their mortgages—83% of borrowers in the top ten metros are overpaying by tens of thousands over the life of their loans. In places like LA, Miami, and NYC, annual overpayments soar past $8,000, thanks to rushed decisions, lack of comparison shopping, and a mortgage system that doesn’t make it easy to compare deals. Experts urge buyers to get at least three quotes, scrutinize APRs, fees, and closing costs—not just interest rates—to avoid losing tens of thousands over time. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/54a98f52e0d241d7