San Diego, CA (PRWEB) September 30, 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. Loan Love also provides many helpful tools and resources for those looking for their perfect loan. Now, as mortgage rates move lower, Loan Love helps borrowers by allowing them to compare the lowest rate quotes in months on the site’s live rate quote tool.
These lower rates are a boon to many home loan borrower’s whose plans for home purchase or loan refinance had to be put off due to the high rates that the mortgage market has been stuck with since June and July. Now, with the lower mortgage rates that are available, more people can realize their dreams of home ownership by finding favorable financing terms. As a report from Mortgage News Daily, which was posted September 27, states:
“Mortgage rates fell noticeably today, keeping alive an impressive streak of 13 days without higher rates. Three out of those 13 have been 'unchanged,' yesterday being one of them. There was a chance this marked a shift in the positive momentum, but financial markets were quick to get back on the 'lower rates' bandwagon when it began rolling again this morning. Conforming, 30yr Fixed rates moved down to 4.25% (best-execution) for most lenders, a level not seen since June 19th. A decent amount of lenders remain at 4.375% while others have reasonable buydowns to 4.125%, depending on your scenario and personal preference.”
While these rates are still not as low as the pre-June numbers, as the article above points out, they are the best that the industry has seen in three whole months. Those who wish to use this opportunity to finance their new home or refinance their current mortgage can start by looking at the loan options that are available to them and comparing them to see which loan will provide the most amount of benefit over the long run.
Loan Love’s live rate quote tool can help home loan borrowers to do just this. The tool allows borrowers to sort through the myriad of loans available online and find the one that perfectly fits their unique mortgage scenario. By inputting their location, desired loan amount and other information, borrowers can instantly get up to date quotes from dozens of lenders in their area and then sort these by various criteria so that they can easily compare them and determine which one is the best fit. The tool is free to use for anyone who visits the site, so potential borrowers can feel free to search by different criteria and do multiple searches until they are sure that they have found the best loan option.
For more information on finding low mortgage interest rates, and to use the free live rate quote tool, please visit LoanLove.com.