Home Loan Advice Offered In New Loan Love Article Category
San Diego, CA (PRWEB) July 11, 2013 -- LoanLove.com, a website with the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and U.S. financial landscape in order to help them obtain a home loan that they will love, helps their readers to understand the pros and cons of various loan options in the new Home Loan Advice portal available on the website. 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. To fulfill this goal LoanLove.com is continually updating their website with new articles and guides. The new article category will help visitors to the website locate the best borrower advice quickly and easily.
This new article category is full of helpful advice for borrowers on how to find the best home loans for their unique situations, and is comprised of consumers’ guides, reviews on different loan products, advice on predicting mortgage rates and other articles on topics that affect home prices and interest rates. One of the featured articles helps home buyers to determine what size loan they would be able to qualify for. In this article, borrowers can learn about loan prequalification calculators and how they can use them to find the right sized home loan to fit their needs. The Loan Love article gives some tips on what to look for when utilizing these calculators, as well as some potential pitfalls, such as underestimating the full cost of an ARM, which borrowers should look out for.
Another article in this category gives new borrowers advice on how mortgage rate locks work. The article explains how this part of the loan process can be used to ensure that the best rates are had and also gives advice on when to lock and when to float. These words of advice are particularly pertinent, especially nowadays when mortgage interest rates can change drastically without any prior warning, as was experienced with last month’s sudden rapid interest rate increase. The article says:
“If you’ve been mortgage shopping, you’ve probably seen a lot of interest rates – some lower than others. You’ve probably also been following news reports about the recent increase in rates, and even though rates are still near record lows, it’s pretty obvious that now is the time to take out a new mortgage or refinance an existing one. Of course, once you do decide to apply for a mortgage, it takes time – usually a few weeks – before the mortgage will be finalized. At the end of that time, you want to be sure you end up getting the same low rate that was in effect when you submitted your application. The way to do that is by locking in your rate, and maybe even your points.”
These are just a few of the articles offering borrower advice in the new Loan Love article category. There are many more topics covered in this category and the many other article categories that can be found on the website, which smart borrowers can use to find the best loan products for their particular mortgage scenarios. For more information, advice, tools and tips, visit LoanLove.com.
Kevin Blue, LoanLove.com, http://loanlove.com/, 949-292-8401, [email protected]
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