Homebuying experience improving, but stress factors remain

home buyingBy Jann Swanson

Could it be that consumers actually seem to enjoy sitting at the closing table? That appears to be one finding from a recent survey of homeowners by TD Bank. It’s fourth annual Mortgage Service Index shows that 71 percent of respondents rated their most recent buying experience as either “very good” or “excellent.” This was an increase of 10 percent over the last two years despite new mortgage regulations and mortgage disclosure requirements.

The bank surveyed more than 1,300 consumers who had taken out a mortgage over the last ten years. They were asked about their experience including what factors helped them in their home purchase. The survey found that home buyer’s think the process is improving and that “homeowners are leveraging creative ways to finance their home purchases.”


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