Report: Most homebuyers are overpaying on their mortgage

A recent report from Bankrate reveals that many homeowners in the Nashville area are likely overpaying on their mortgages. The research suggests that most borrowers are not comparing rates, resulting in significant financial losses. The average homeowner is estimated to be overpaying by more than $3,300 per year, which can add up to over $78,000 over the course of a 30-year loan.

" Further details on this issue, including analysis from Bankrate experts, are available from NewsChannel 5 WTVF.