(PRWEB) September 06, 2013
FindMortgageOnline (click here to visit the website), a new easy-to-use mortgage comparison website, is helping first-time home buyers as well as homeowners who want to find a better deal than their current mortgage terms, find the best financing package available to make home ownership affordable for their budgets. There are a few times in life that are more important to an individual than obtaining the best deal possible when obtaining financing either for the purchase of a new home or the refinancing of an existing mortgage. The new mortgage comparison website is designed to be a user-friendly way for the individual seeking a new mortgage or new mortgage terms to see what programs are available and what options are best for their needs as well as their pocketbook.
Among the many features which the user of the new mortgage comparison website can access is the type of loan, including fixed rate, adjustable mortgage or jumbo mortgage, the typical interest rates and the terms available, ranging from 5 and 10 years to 20 or 30 year mortgage pay-off plans. The new mortgage comparison website allows the searcher to compare the benefits offered by different mortgage plans, such as no pre-payment penalties for paying off the loan early, lower monthly payments offered for the first few months or years of the loan term, lower interest rates based on market conditions, and the ability to draw on current home equity to help consolidate other outstanding debts.
The new mortgage comparison website also helps the user to better understand which mortgage program would be most suitable for their plans, as some programs are best for those who plan on moving within 3 to 10 years while other mortgages are more suitable for those who intend on remaining in the home for an extended length of time. Knowledge is power and this new mortgage comparison website is a convenient and easy way to obtain the knowledge necessary to know what types of mortgage plans are available and which mortgage option will save the individual the most money.