Understanding your mortgage
Many homebuyers are clueless when it comes to understanding their mortgage.
That's according to real estate website Zillow. A new survey found many current and future homebuyers were wrong nearly a third of the time when questioned about mortgages and financing.
34 percent don't know what the term "annual percentage rate" or APR means. Zillow says buyers usually focus on getting a lower home price, and ignore the importance of finding the right loan.