How to Money · Friday, August 7, 2026
An article revealed that Americans collectively overpaid an estimated $65 billion by not shopping around for mortgage lenders. Host Joel stressed the importance of comparing rates, noting that local credit unions often offer better terms than big banks or realtors' recommended lenders, potentially saving individuals significant monthly costs.
“Americans were forking over an extra sixty five billion dollars because they were going essentially with their buddy, Like the first it's like, oh yeah, I know a guy, I know a guy that does mortgages, and they're like, oh yeah, okay, and they go with him or her and they don't get another quote.”
“So much race of money spread over you know, many hundreds of thousands of borrowers, but are millions of borrowers, so a little bit for everybody. But we've talked about how that adds up too.”
“The money you could leave on the table, could it could be way more than your Netflix subscription every month? Think it costs you, like, you know, ten times your Netflix subscription.”