Costa Mesa Homebuying Basics: What Some People Don’t Know
Posted by Matt Kanoudi on
The government thinks that Americans are sorely lacking when it comes to key homebuying information. It’s hard to say whether that’s true of the Costa Mesa homebuying population—but Fannie Mae’s latest study explains some good reasons why it might be.
In Fannie’s recently issued publication, 3,600 respondents were ‘largely unsure’ or just plain wrong about current homebuying realities. This, despite the significance of homebuying as the most important purchase most people make. Homebuying is also such an infrequent transaction most people don’t focus on data when it’s available.
Another contributing factor is “a fundamental lack of financial literacy across the country.”
The majority of those quizzed hadn’t a clue about credit score…
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