HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Get Qualified
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Get Qualified
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Get Qualified
Get Qualified2017-11-29T01:46:15+00:00

Before you start your house hunting in earnest, the real estate professional with whom you are working likely will “pre-qualify” you to determine a price range you can afford. Pre-qualification is a necessary part of the home buying process that helps save you time and money. When questions arise, don’t be shy or withhold information about your income or credit status. Your realtor isn’t trying to pry. He or she must know all details related to your ability to obtain a mortgage. By candidly discussing your financial situation, you’ll give the agent the information necessary to show you homes you can afford. If you don’t disclose all important information, you are placing the realtor in the role of a tour guide, not someone who can help you find a home within your budget. You’ll wind up wasting your time and that of the agent.

A better alternative to pre-qualifying is to get pre-approved with a lending institution either before or during the house hunting process. Pre-approved buyers will not only know in advance how much home they can afford, but their pre-approved status gives them clout with sellers and real estate agents when the time comes to negotiate a sale price. In fact, many agents will not accept an offer unless it is accompanied by a pre-approval letter. Lastly, pre-approval speeds up the loan process after a purchase contract is signed and avoids any last-minute heartbreaks after a home is found.

The pre-approval process is relatively painless. Remember, the loan officer wants your business. That’s how they get paid. They should make you as comfortable as possible, but be prepared to be open and honest about your financial situation and provide complete information. Here are two important tips on getting loan approval: Do not submit fake letters of credit or gift letters, or make secret financial arrangements. If you plan on borrowing the down payment, you can only do so under specific circumstances; and you must disclose the loan (including the payment on that loan) as a liability to be considered in qualifying for the home payment. You must accurately list your income and assets, all debts and the approximate amounts you owe.

There are a wide variety of loans available including fixed rate, adjustable rate, bond-money low interest rate, low down payment, large down payment with very easy qualifying, second lien and investor financing. Use care to choose the right one for you.

Next:

Make a Home Buying Wish List

Related Articles:

Is Your Financial House in Order?

Make a Checklist

Go House-Hunting

Is My Agent Looking Out for my Best Interests?

Making an Offer

Closing the Deal and Going to Escrow

Planning and Organizing Your Next Move

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS
Get Qualified2017-11-29T01:46:15+00:00

Before you start your house hunting in earnest, the real estate professional with whom you are working likely will “pre-qualify” you to determine a price range you can afford. Pre-qualification is a necessary part of the home buying process that helps save you time and money. When questions arise, don’t be shy or withhold information about your income or credit status. Your realtor isn’t trying to pry. He or she must know all details related to your ability to obtain a mortgage. By candidly discussing your financial situation, you’ll give the agent the information necessary to show you homes you can afford. If you don’t disclose all important information, you are placing the realtor in the role of a tour guide, not someone who can help you find a home within your budget. You’ll wind up wasting your time and that of the agent.

A better alternative to pre-qualifying is to get pre-approved with a lending institution either before or during the house hunting process. Pre-approved buyers will not only know in advance how much home they can afford, but their pre-approved status gives them clout with sellers and real estate agents when the time comes to negotiate a sale price. In fact, many agents will not accept an offer unless it is accompanied by a pre-approval letter. Lastly, pre-approval speeds up the loan process after a purchase contract is signed and avoids any last-minute heartbreaks after a home is found.

The pre-approval process is relatively painless. Remember, the loan officer wants your business. That’s how they get paid. They should make you as comfortable as possible, but be prepared to be open and honest about your financial situation and provide complete information. Here are two important tips on getting loan approval: Do not submit fake letters of credit or gift letters, or make secret financial arrangements. If you plan on borrowing the down payment, you can only do so under specific circumstances; and you must disclose the loan (including the payment on that loan) as a liability to be considered in qualifying for the home payment. You must accurately list your income and assets, all debts and the approximate amounts you owe.

There are a wide variety of loans available including fixed rate, adjustable rate, bond-money low interest rate, low down payment, large down payment with very easy qualifying, second lien and investor financing. Use care to choose the right one for you.

Next:

Make a Home Buying Wish List

Related Articles:

Is Your Financial House in Order?

Make a Checklist

Go House-Hunting

Is My Agent Looking Out for my Best Interests?

Making an Offer

Closing the Deal and Going to Escrow

Planning and Organizing Your Next Move

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS
Get Qualified2017-11-29T01:46:15+00:00

Before you start your house hunting in earnest, the real estate professional with whom you are working likely will “pre-qualify” you to determine a price range you can afford. Pre-qualification is a necessary part of the home buying process that helps save you time and money. When questions arise, don’t be shy or withhold information about your income or credit status. Your realtor isn’t trying to pry. He or she must know all details related to your ability to obtain a mortgage. By candidly discussing your financial situation, you’ll give the agent the information necessary to show you homes you can afford. If you don’t disclose all important information, you are placing the realtor in the role of a tour guide, not someone who can help you find a home within your budget. You’ll wind up wasting your time and that of the agent.

A better alternative to pre-qualifying is to get pre-approved with a lending institution either before or during the house hunting process. Pre-approved buyers will not only know in advance how much home they can afford, but their pre-approved status gives them clout with sellers and real estate agents when the time comes to negotiate a sale price. In fact, many agents will not accept an offer unless it is accompanied by a pre-approval letter. Lastly, pre-approval speeds up the loan process after a purchase contract is signed and avoids any last-minute heartbreaks after a home is found.

The pre-approval process is relatively painless. Remember, the loan officer wants your business. That’s how they get paid. They should make you as comfortable as possible, but be prepared to be open and honest about your financial situation and provide complete information. Here are two important tips on getting loan approval: Do not submit fake letters of credit or gift letters, or make secret financial arrangements. If you plan on borrowing the down payment, you can only do so under specific circumstances; and you must disclose the loan (including the payment on that loan) as a liability to be considered in qualifying for the home payment. You must accurately list your income and assets, all debts and the approximate amounts you owe.

There are a wide variety of loans available including fixed rate, adjustable rate, bond-money low interest rate, low down payment, large down payment with very easy qualifying, second lien and investor financing. Use care to choose the right one for you.

Next:

Make a Home Buying Wish List

Related Articles:

Is Your Financial House in Order?

Make a Checklist

Go House-Hunting

Is My Agent Looking Out for my Best Interests?

Making an Offer

Closing the Deal and Going to Escrow

Planning and Organizing Your Next Move

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS