New Low Interest Rates Available With Loan Love’s Live Rate Quote Tool

San Diego, CA (PRWEB) October 02, 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 useful tools that can help those who are trying to find the best home loans. One of these tools is the live rate quote feature, which allows borrowers to find and compare dozens of different loan options that fit their specific loan requirements. This tool is especially helpful right now, as it can allow borrowers to take advantage of the new low interest rates the market has been experiencing, and enjoy the most possible savings on their home purchase or refinance loans.

The new low rates are a big blessing for home loan borrowers every where. As an article posted on Mortgage News Daily this September 27th reports: “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.”

Clearly there are many who will want to take advantage of these lower mortgage interest rates, especially those who have had their home purchase or refinance plans stalled by the last three months’ steady mortgage rate climb. The live rate quote tool can not only help them to find the lowest home loan rates for their specific mortgage situation, but the features available with the rate quote system make it easy to find the very best loan option among the dozens that are presented; in other words, it can help borrowers to find the best among the best.

This is possible because all the loans presented can be sorted with a number of different criteria. Loan borrowers will be able to sort by the posted rate, APR, fees in APR, points, and the estimated monthly payment. These are all important things to look at when comparing different loans, and being able to quickly see how each loan option adds up in each category will enable smart home loan borrowers to pinpoint the loan that will best suit their needs. In addition, Loan Love also provides a number of mortgage calculators, which can help the borrower to answer a number of important questions about each loan option.

Those who are interested in using these free tools to find the best mortgage interest rates for their home loans can visit LoanLove.com by clicking here.

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