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Posted on: 6th Jan 2014
�You have to do your own growing no matter how tall your grandfather was.�
� Abraham Lincoln �
According to Fannie Mae, lower-income borrowers, those earning below $50,000, are �more likely to rely on real estate professionals, mortgage lenders, family, and friends for advice and recommendations while shopping for a mortgage.� These lower-income borrowers also say that they would probably do a better job of shopping around �if they had a better understanding of loan terms and costs.� By comparison, higher-income earners say that they need better ability to compare multiple loan offers.
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