SAN DIEGO, Nov. 25, 2013 /PRNewswire-iReach/ -- 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. Readers and loan borrowers can feel comfortable with their home planning by reading on the many new articles on Loan Love which provides successful tips and advice when shopping for a desirable mortgage loan. To this end, the Loan Love is also offering a new tool to help loan borrowers find and compare the lowest and best interest rates available when it comes to working with home loans. The Live Pricing System tool is easy-to-use and user friendly tool that can set up loan shoppers with many options in a format that examines and compares each loan to help them decide on the perfect home loan option.
The loan information administered through the system itself can present potential loan borrowers with hundreds of approved lenders that best mixes and matches each option to the loan borrower's specifications. The system is constantly updated with new interest rates from lenders which can help bypass any rates that might have already expired. With three simple steps home buyers experienced or new can find the best home purchases and refinance loans.
The first step to using the live pricing system tool is for borrowers to specify the amount they would like to borrow, the value of the property they are purchasing, the location of the property, the purpose of the loan (purchase, cash out refinance or a term or rate refinance), as well as their credit score, the type of property, and the occupancy status of the property (owner occupied, second home, or investment property). Loan borrowers are then asked to choose the length of the loan term, such as the following:
• 30 Year Fixed
• 25 Year Fixed
• 20 Year Fixed
• 15 Year Fixed
• 10 Year Fixed
• 10 Year ARM
• 7 Year ARM
• 5 Year ARM
After completing the first step, loan borrowers are asked to fill out their contact information. This will grant loan companies and lenders a way to keep loan borrowers updated (with the borrower's permission) to update them on the loan and the possibility of any new low interest rates for the loan.
The last chronological step to using the live pricing system involves the tool displaying the results for the loan borrower's queries. During this step, borrowers can sort through dozens of loan companies that are offering the closest mortgage loan matches for their financial situation. More over, the tool allows for loan borrowers to search for mortgage loans based on a few characteristics such as APR (Annual Percentage Rate), fees tied with the APR, interest points and the approximate monthly payment.
To learn more on what to search for when comparing loan options and to avail on the Live Pricing System tool, please visit LoanLove.com.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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