San Diego, CA (PRWEB) November 22, 2013
LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. The experts at Loan Love are consistently finding new ways to aid their readers with their mortgage loan issues by providing them with helpful home loan planning tips and strategies. One of the websites most recent additions is their free to use Live Pricing System, which enables visitors to the site to quickly find the lowest rates available for their preferred home loan, and presents their options in a format that makes each loan easy to compare with the others.
The system uses information provided by the potential borrower to search through hundreds of approved lenders and bring back the results that best match the user’s query. The loan rates provided are up to date and show the posted rates that the lenders are offering each day, so that borrowers will not have to worry about whether or not the rate that they are being quoted is already expired. The simple three step process can be used by both first time home buyers and experienced home owners, to find the best home purchase and refinance loans.
The first step requires the borrower to specify the amount they wish to borrow, the value of the property they are purchasing or refinancing, the location of the property, the purpose of the loan (purchase, cash out refinance or a term or rate refinance), as well as their credit score, the type of property, and the occupancy status of the property (owner occupied, second home, or investment property). The borrower can then choose one or more of the following loan terms in order to start their search:
- 30 Year Fixed
- 25 Year Fixed
- 20 Year Fixed
- 15 Year Fixed
- 10 Year Fixed
- 10 Year ARM
- 7 Year ARM
- 5 Year ARM
The next step simply asks that the borrower enter their contact information. This will allow the loan company to keep the borrower updated (if they so wish) with any new low rates for the loan scenario of their choice.
The third and last step displays the results of the borrowers query. Here the borrower can look through dozens of loan company’s that are offering loans that match their situation. Since a low posted rate is not the only thing that makes for a good loan, the format that displays the results also allows borrowers to sort through the loans using a number of different factors; such as the Annual Percentage Rate (APR), fees in APR, points and the estimated monthly payment.
For more information on what to look for when comparing loan options, and to use the Live Pricing System, please visit LoanLove.com.