San Diego, CA (PRWEB) June 12, 2013
LoanLove.com is a trusted destination for current news and expert loan advice and seeks to empower homeowners with first-class knowledge, valuable resources, and connections to top-rated industry professionals. LoanLove.com has a mission to help consumers and borrowers alike in obtaining the latest information on mortgage lending trends, the real-estate market and the U.S. financial landscape for the purpose of helping them obtain a home loan they will love. Loan Love’s new home loan rate quote tool can now help borrowers the best loan payment and structure for their budgets and lifestyles.
This new tool allows borrowers to get a live mortgage quote using the information available to them. The tool takes the location of the home, the credit standing of the borrower, the loan amount, the down payment percentage and the length and structure of the loan desired and finds the best matches from dozens of approved United States lenders. These loan options can then be sorted by Sort by: Lender, APR, Rate, Points, Fees in APR and Estimated Payment. This makes it incredibly easy for borrowers to view their options and compare the different loan types.
The greatest advantage of getting an online rate quote is that there is no delay in information. The amounts quoted are the rates for that day, so there will usually be little to no difference if the borrower decides to apply for that loan option on the spot. However, many lenders may have different rates posted on their own websites, so consumers will want to double check any loan that they are interested in, but this will still be the most accurate way to check loan rates, as advertisements or rates posted in newspapers or seen or heard on the radio or television may already be out of date and obsolete. By using the online tool, borrowers will be able to get the most accurate instant mortgage rate quote for the day.
Another benefit of the Loan Love rate quote calculator is that it saves a great amount of time when comparing a number of loans. It shows all the Bankrate approved lenders that offer loans for the particular mortgage info inputted into the rate calculator and borrowers can view all of these on one page rather than having to look at each individual lender. This will save the borrower a lot of time as well as money.
Visitors to the Loan Love website can also benefit from the other resources and tools available for home owners and home buyers on the site. Aside from the mortgage rate quote tool, the website also offers a number of other mortgage calculators as well as informative and easy to understand articles covering many topics. By reading through these articles, borrowers can find credit repair tips, consumer’s guides, tax savings advice, borrower advice, tips on how to find the best interest rates and invaluable information for first time home buyers.
For more information and tools designed to help borrowers find loans they will love, and to get a free mortgage rate quote, visit LoanLove.com today.