87% of Borrowers Overpay on Their Mortgage — Are You One of Them?

A new study reveals the vast majority of U.S. mortgage borrowers are paying more than they need to — and California homeowners may be overpaying the most.

Here's a number that should make every California homeowner stop and think: 87% of mortgage borrowers in the U.S. are overpaying on their home loan. That's not a small rounding error — that's the overwhelming majority of people with a mortgage paying more interest than they should be.

How does this happen? The biggest reason is simply inertia. Many homeowners take out a loan, set up autopay, and never revisit whether their rate is still competitive. Meanwhile, the market shifts, new loan products emerge, and better options go untapped.

In California, where the average mortgage balance is significantly higher than the national average, even a small reduction in your interest rate can translate into tens of thousands of dollars saved over the life of your loan. A half-point rate difference on a $700,000 loan, for example, adds up to a meaningful amount every single month.

The good news? Overpaying is entirely avoidable. Whether you're looking at a refinance, a loan restructure, or simply want a second opinion on your current rate, we're here to help. Our team works with California homeowners every day to find smarter mortgage solutions.

Don't assume your current loan is your best option. Reach out to us today and let's take a closer look at what you're actually paying — and what you could be saving.