Homebuyers Uncertain of How to Secure a Mortgage

Prospective homebuyers are uncertain about securing a mortgage, with many lacking confidence in understanding financing, interest rates, and home-buying terminology. Current homeowners express regrets about their first home purchase. Uncertainty about the timing of buying a home has increased, especially among first-time buyers. Many worry about rent increases impacting their finances and believe owning a home is a better long-term investment for gaining control over living space.