[00:02] their mortgages by doing one simple thing. The solution to this problem is so easy, it is almost laughable. According to The Wall Street Journal, the reason people are wasting so much money on their mortgages is that they
[00:14] simply just don't shop around. People are just going online, getting a single whatever comes back. You may not think that the difference between one bank or but check this out. This analysis by Bankrate shows that the cumulative cost
[00:29] of not getting the best possible mortgage rate amounts to $80,000 for just a single loan. And just to be clear, this is the difference for the same person. It's not comparing people with high credit scores to low. This is
[00:41] people with the same income, the same credit, same everything. They compared what the best possible rate they could get by shopping around was versus the worst possible rate by not shopping around, and the difference is $80,000.
[00:53] So, please, whether you're a homeowner or an investor, shop around. Like, I hack, but it's not even a hack. It is the easiest possible thing you could do
[01:05] the easiest possible thing you could do to save money. So, go do it.