SAN DIEGO, June 19, 2013 /PRNewswire-iReach/ -- LoanLove.com, a new borrowers advice website founded just this April, 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 love. The new website is quickly becoming a trusted destination for current mortgage news and expert loan advice. The Loan Love team is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals. However, unlike many other loan websites, Loan Love strives to offer assistance in a dynamic and non-stuffy format.
The team at LoanLove.com gives current mortgage news in an easy to understand and entertaining format that everyone can benefit from. The website says in its "about" section, "LoanLove.com is NOT another boring, stuffy, "fall asleep in your chair" site about loans. We hope you find our articles entertaining, informative, and highly valuable. Our mission is simple: to help you get a loan you LOVE!" All of the articles and tools offered on the website have been created with this goal in mind.
The articles on the website use simple, easy to understand language that even first time home buyers will be able to fully grasp. However, they also do not skimp on any of the important and necessary details, so even experienced homeowners can glean valuable information from them. Topics covered include borrower advice, tax savings tips, credit repair advice, consumer's guides, news on current trends in home loan interest rates, and first time home buyer advice. Recent articles cover stories that are pertinent for home owners right now, such as how to choose the right type of loan, whether or not to take the opportunity to refinance, and what to look for when comparing mortgage rates.
The website also offers other interactive tools that can help homeowners to find the best loans. The mortgage rate calculator is a great tool that uses basic information - usually the loan amount, the associated interest rate and the term – to quickly determine the monthly payment and provide an amortization table that shows how the loan balance will change during the life of the loan. Many loan calculators also allow the borrower to include property taxes and home insurance in the cost estimates to let them get a feel for what their real monthly obligation would be. Some even offer options to include homeowner association fees and private mortgage insurance, or PMI. Mortgage calculators are also a great way to determine if the homeowner can afford a shorter term and the higher monthly payments that go along with it.
The instant mortgage rate quote tool also enables visitors to the website to view the current rates from over twenty Bankrate approved lenders. Because the borrower can see all the options that fit their specific mortgage scenario on one page, they will be better able to compare each loan to the other and find one that offers the most savings over the course of the loan.
For more information, resources and tools that can help homeowners find loans that they will love, visit Loan Love at http://loanlove.com.
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