Homebuyers say they spend less than half a day reviewing mortgage options before choosing a deal - spending more time picking out items for their home including coffee machines and air fryers. A new study from Smart Money People found one in six homeowners felt pressured into making a quick mortgage decision.
Jacqueline Dewey, CEO of Smart Money People, commented: “Locking in a mortgage deal is an important decision and will often be one of the biggest financial choices people make. to make decisions quickly, which is leading to high levels of stress.
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