Americans spend more time researching which car to buy than they do researching options for a home loan, according to a survey released Thursday by Zillow.
The Seattle-based online mortgage marketplace found that borrowers who obtained a home loan in the past five years spent just five hours reviewing their options and got just three quotes. Thirty-one percent spent two hours or less, despite the fact that a home is one of the largest investments people make in a lifetime, Zillow pointed out.
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