{"id":13,"date":"2026-09-29T12:00:00","date_gmt":"2026-09-29T12:00:00","guid":{"rendered":"https:\/\/www.sentenorealestate.com\/blog\/?p=13"},"modified":"2026-09-29T12:00:00","modified_gmt":"2026-09-29T12:00:00","slug":"chicago-mortgage-overpayments-need-careful-shopping","status":"publish","type":"post","link":"https:\/\/www.sentenorealestate.com\/blog\/2026\/09\/29\/chicago-mortgage-overpayments-need-careful-shopping\/","title":{"rendered":"Chicago Mortgage Overpayments Need Careful Shopping"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/victor-senteno\/homebuyers-overpaying-mortgages-remotion-videos-c058\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Chicago stood out among the largest US metros, with an overpayment rate that matched or exceeded the ~87% national level for mortgage borrowers.<br \/>\nAcross the 10 biggest metros, low-80% to high-80% of borrowers overpaid, placing Chicago within a pattern where excess mortgage costs were common overall.<br \/>\nThe research said many buyers missed lower available rates because of weak price transparency, limited mortgage shopping, and reliance on familiar lender recommendations.<br \/>\nFor Chicago buyers, getting at least three quotes within a 14- to 30-day window could create leverage while protecting credit from multiple rate-shopping hits.<br \/>\nChicago buyers were also urged to compare APR, ask whether low rates required points, and negotiate lender fees alongside third-party closing services.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chicago stood out among the largest US metros, with an overpayment rate that matched or exceeded the ~87% national level for mortgage borrowers. Across the 10 biggest metros, low-80% to high-80% of borrowers overpaid, placing Chicago within a pattern where excess mortgage costs were common overall. The research said many buyers missed lower available rates [&hellip;]<\/p>\n","protected":false},"author":367,"featured_media":14,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/13","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/users\/367"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=13"}],"version-history":[{"count":1,"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/13\/revisions"}],"predecessor-version":[{"id":20,"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/13\/revisions\/20"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/media\/14"}],"wp:attachment":[{"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sentenorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}