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Mortgage borrowers can overpay without shopping for rates
MarketWatch says failing to compare mortgage offers can cost borrowers thousands of dollars per year, with one estimate at $3,300 annually.
Mortgage borrowers who skip comparison shopping can end up paying substantially more on their home loan, potentially costing thousands of dollars over the life of the mortgage.
MarketWatch reports that the savings from shopping around can be meaningful, with its estimate putting potential annual overpayment at about $3,300 for borrowers who do not compare rates.
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