Mortgage Rates 2013: Offers Advice On Finding The Best Home Loan Interest Rates

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A new article on gives tips for home buyers and home owners on how to find the best mortgage interest rates in 2013. 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. With this mind, the team of loan experts at recently released an article with advice for home buyers and home owners on finding the best mortgage rates 2013 has to offer.

As the loan love article says: “With so many lenders offering mortgage products today, it can be difficult to know which loan is truly the best deal for you. Fortunately, there are a few relatively simple ways to compare mortgage interest rates, and taking the time to explore at least one of them could mean big savings for you over the life of the loan.”

Comparing loans by these methods can help home owners to make the best informed decisions and find the best mortgage rates 2013 has in store. The things that the article advises borrowers to look at when it comes to different loans are:

  •     The APR (Annual Percentage Rate)
  •     GFEs (Good Faith Estimates)
  •     Mortgage Calculators

The Loan Love article explains how each of these things can be used to and how borrowers can compare interest rates 2013 loans will have. The annualized percentage rate is a good thing to look at because it is the actual rate the borrower will pay when all the associated costs are considered. The APR is usually a little higher than the posted rate, and because different lenders may have different fees associated with their loan products, the APR is the rate a homeowner will want to compare to see which loan actually offers the best home loan interest rates over time.

The GFE of the loan should also be compared. This seemingly simple document is packed with important information that can help you understand the true costs of the loan. A GFE contains an itemized rundown of all the fees and costs you can expect to incur if you accept the loan agreement. When using this document to compare loan rates, it is important to note that the items listed may be more or less costly. However, the lender is required by law to provide the best estimate of related costs.

Mortgage calculators are also great ways to compare interest rates. These calculators usually need only a minimal amount of information in order to find the monthly payment that would be expected given any type of loan situation. Borrowers can easily play with different loan scenarios to find the best mortgage rate available.

The Loan Love article says: “Comparing the costs of multiple mortgages only sounds like a complicated and time-consuming task; the truth is, any of these simple comparison methods takes only a minimal investment of your time, but the results can yield huge savings for you over the lifetime of your mortgage.”

These tips can help home owners to find the best rates for their situation. For more information on comparing rates, visit

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Kevin Blue
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