Over One Third of Borrowers Compare the Mortgage Process to Going to the Dentist According to the Inaugural FREEandCLEAR Mortgage Survey

A combined 75% of respondents said their mortgage process was most similar to going to the dentist or a physical

Over one third of borrowers said their mortgage experience was most similar to going to the dentist according to the FREEandCLEAR Mortgage Survey (Graphic: Business Wire)

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SAN DIEGO--()--FREEandCLEAR, a leading mortgage website, released the initial thought-provoking results from its inaugural Mortgage Survey. The mortgage survey provides an insightful analysis of how borrowers think about and experience the mortgage process.

The initial results of the FREEandCLEAR Mortgage Survey explore critical issues including the borrower experience, mortgage challenges and lender trust. Among the compelling findings from the survey are that 34% of borrowers said their mortgage experience was most similar to going to the dentist and 41% said their experience was similar to a physical. The challenges of getting a mortgage remind more than one third of borrowers of getting a cavity drilled.

The results show that most borrowers find the mortgage process challenging, if not highly uncomfortable. You can view the survey results at: https://www.freeandclear.com/community/mortgage-survey.html.

“Our mission is to empower borrowers to make better decisions and save money when they get a mortgage,” said Co-Founder Michael Jensen. “A third-party survey is a highly effective way to enhance our understanding of mortgage borrowers, which helps us accomplish our mission.”

The survey has important ramifications for the mortgage industry. "The better borrowers understand the mortgage process and the better lenders understand borrowers, the better the results for everyone, which is the ultimate goal of our survey and FREEandCLEAR,” said Jensen.

Full results of the FREEandCLEAR Mortgage Survey will be revealed in the coming months. Future releases of survey results explore important topics such as Lender Selection, Borrower Education and Improving the Mortgage Process.

About FREEandCLEAR

FREEandCLEAR (www.freeandclear.com) is a leading mortgage website that offers free tools and resources that empower people to find the mortgage that is right for them. FREEandCLEAR was developed by a father and son team who are on a mission to help people make better decisions and save money when they get a mortgage. Our valuable resources and mortgage rate tables put borrowers in control of the mortgage process and enable them to easily shop for a mortgage.

Contacts

FREEandCLEAR
Michael Jensen
mike@freeandclear.com

Release Summary

Over One Third of Borrowers Compare the Mortgage Process to Going to the Dentist According to the Inaugural FREEandCLEAR Mortgage Survey.

Contacts

FREEandCLEAR
Michael Jensen
mike@freeandclear.com