San Diego, CA (PRWEB) March 19, 2014
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. Although today’s loan market may seem more friendly to the average loan borrower as there are more loan options than ever before, this may often not be the case; More options can equal more confusion in finding a convenient loan. Loan Love’s new article helps narrow down the search with their newest article that shows some of the most popular loan options of 2014.
Loan Love understands that mortgage loan hunting can be an arduous task, but as the article titled “The 7 Most Popular Loan Options Made Simple” states, even the most inexperienced loan borrowers may be able to find a suitable loan for a given scenario. “With a wide selection of fixed-rate loans, adjustable-rate mortgages (ARMs) as well as term lengths, down payment requirements and interest rates, just about any consumer can find a mortgage that suits their budget and both their short-term and long-term financial goals” says the Loan Love article.
The article then gives list of some of the best loans to look out for with a small description of each loan and how they may be beneficial for a loan borrower. Of the mentioned popular loan options on the article, VA loans was one of the recommended loans, especially for those who served in the military. Unlike other loan options, VA loans require no down payment or previous experience with mortgage loans, and closing costs may even be covered in some cases. Buyers will only need a Certificate of Eligibility, or COE to qualify for a VA loan.
Also provided in the article are links under each description of the mentioned loan options. These links provide additional information of the particular loan so that readers can study a loan option further and decide for themselves if the mortgage loan is best suited for their financial situation. From jumbo mortgages to a 30-year mortgage plan, loan borrowers are bound to find a loan option that fits their needs. On the subject of reverse mortgages, the Loan Love article mentions:
“A relatively new entry into the mortgage industry, reverse mortgages are ideal for homeowners 62 years of age or older who want to tap into their home’s existing equity to help them get some breathing room in their budgets, to pay for home repairs or modifications, or even to pay for a special vacation or other purchase. Like any other loan, there are disadvantages, too, and loans require consumers to go through free counseling to ensure they understand all the risks associated with these mortgages.”
To find out more on each of the mortgage loans and to view the available links attached to each loan option, please visit LoanLove.com to read the full article.