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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Equity Loans and HELOCs
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Equity Loans and HELOCs
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
Home Equity Loans and HELOCs
Home Equity Loans and HELOCs 2017-09-25T18:25:13+00:00

The equity you have in your home is an asset. You can “tap” into it to pay for other things, like a remodeling project or your child’s college tuition. But you need to learn some of the basic concepts before you make such a decision. Home equity loans and HELOC’s (Home Equity Lines Of Credit) can only be utilized if your homes value is greater than the amount that you owe.

Home equity loans usually come in two forms: Second Trust Deed Mortgages or HELOCs. A home equity loan is a loan that a homeowner can take out if their home is worth more than the balance on their mortgage. The difference between the balance that is owed on the mortgage and the fair market value of the house is the ‘equity.’ This is the amount the homeowner would get to keep if he sold his house and paid off the mortgage.

Home equity loans generally have a higher interest rate than First Trust Deed Mortgages because they are considered a higher risk. Home equity loans can be obtained as both fixed rate loans and adjustable loans, with the interest rate on a Second Trust Deed loan usually fixed and a HELOC usually with a variable rate of interest.

Here’s a comparison of the two:

Second Trust Deed Mortgages:

A second mortgage gives you a fixed amount of money that you would repay over a fixed period of time. You might benefit from using a second mortgage instead of a HELOC if you need a specific amount of money (a lump sum). For example, if you need a certain amount for a remodeling project, the second might be a better option.

If home values drop you still have your money whereas with a HELOC the lender may lower the credit limit or cancel it altogether.

HELOCs:

Just as the name implies, a HELOC is a home equity line of credit that can be used incrementally and you only pay for what you use. The homeowner receives a credit limit in accordance with the equity in the home, and he can use it as needed. For example, if a homeowner applies for a $100,000 home equity line of credit, he can us $30,000 to put in a new kitchen right away, and then use $40,000 to pay for a year of college five years later. The advantage to the home equity line of credit is that the interest in charged only on the amount of money that is actually accessed.

Similar to a credit card, in the sense that you draw on it periodically and have a credit limit and pay a minimum monthly payment based upon whatever the balance is.

One advantage to this loan is that you usually don’t have to pay points to obtain the loan like you do with a second Trust Deed Mortgage.

Other Types of Mortgages:

Fixed Rate Mortgages

Adjustable Rate Mortgages

Balloon Loans

Government-backed Loans

Interest-only Loans

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
Home Equity Loans and HELOCs 2017-09-25T18:25:13+00:00

The equity you have in your home is an asset. You can “tap” into it to pay for other things, like a remodeling project or your child’s college tuition. But you need to learn some of the basic concepts before you make such a decision. Home equity loans and HELOC’s (Home Equity Lines Of Credit) can only be utilized if your homes value is greater than the amount that you owe.

Home equity loans usually come in two forms: Second Trust Deed Mortgages or HELOCs. A home equity loan is a loan that a homeowner can take out if their home is worth more than the balance on their mortgage. The difference between the balance that is owed on the mortgage and the fair market value of the house is the ‘equity.’ This is the amount the homeowner would get to keep if he sold his house and paid off the mortgage.

Home equity loans generally have a higher interest rate than First Trust Deed Mortgages because they are considered a higher risk. Home equity loans can be obtained as both fixed rate loans and adjustable loans, with the interest rate on a Second Trust Deed loan usually fixed and a HELOC usually with a variable rate of interest.

Here’s a comparison of the two:

Second Trust Deed Mortgages:

A second mortgage gives you a fixed amount of money that you would repay over a fixed period of time. You might benefit from using a second mortgage instead of a HELOC if you need a specific amount of money (a lump sum). For example, if you need a certain amount for a remodeling project, the second might be a better option.

If home values drop you still have your money whereas with a HELOC the lender may lower the credit limit or cancel it altogether.

HELOCs:

Just as the name implies, a HELOC is a home equity line of credit that can be used incrementally and you only pay for what you use. The homeowner receives a credit limit in accordance with the equity in the home, and he can use it as needed. For example, if a homeowner applies for a $100,000 home equity line of credit, he can us $30,000 to put in a new kitchen right away, and then use $40,000 to pay for a year of college five years later. The advantage to the home equity line of credit is that the interest in charged only on the amount of money that is actually accessed.

Similar to a credit card, in the sense that you draw on it periodically and have a credit limit and pay a minimum monthly payment based upon whatever the balance is.

One advantage to this loan is that you usually don’t have to pay points to obtain the loan like you do with a second Trust Deed Mortgage.

Other Types of Mortgages:

Fixed Rate Mortgages

Adjustable Rate Mortgages

Balloon Loans

Government-backed Loans

Interest-only Loans

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
Home Equity Loans and HELOCs 2017-09-25T18:25:13+00:00

The equity you have in your home is an asset. You can “tap” into it to pay for other things, like a remodeling project or your child’s college tuition. But you need to learn some of the basic concepts before you make such a decision. Home equity loans and HELOC’s (Home Equity Lines Of Credit) can only be utilized if your homes value is greater than the amount that you owe.

Home equity loans usually come in two forms: Second Trust Deed Mortgages or HELOCs. A home equity loan is a loan that a homeowner can take out if their home is worth more than the balance on their mortgage. The difference between the balance that is owed on the mortgage and the fair market value of the house is the ‘equity.’ This is the amount the homeowner would get to keep if he sold his house and paid off the mortgage.

Home equity loans generally have a higher interest rate than First Trust Deed Mortgages because they are considered a higher risk. Home equity loans can be obtained as both fixed rate loans and adjustable loans, with the interest rate on a Second Trust Deed loan usually fixed and a HELOC usually with a variable rate of interest.

Here’s a comparison of the two:

Second Trust Deed Mortgages:

A second mortgage gives you a fixed amount of money that you would repay over a fixed period of time. You might benefit from using a second mortgage instead of a HELOC if you need a specific amount of money (a lump sum). For example, if you need a certain amount for a remodeling project, the second might be a better option.

If home values drop you still have your money whereas with a HELOC the lender may lower the credit limit or cancel it altogether.

HELOCs:

Just as the name implies, a HELOC is a home equity line of credit that can be used incrementally and you only pay for what you use. The homeowner receives a credit limit in accordance with the equity in the home, and he can use it as needed. For example, if a homeowner applies for a $100,000 home equity line of credit, he can us $30,000 to put in a new kitchen right away, and then use $40,000 to pay for a year of college five years later. The advantage to the home equity line of credit is that the interest in charged only on the amount of money that is actually accessed.

Similar to a credit card, in the sense that you draw on it periodically and have a credit limit and pay a minimum monthly payment based upon whatever the balance is.

One advantage to this loan is that you usually don’t have to pay points to obtain the loan like you do with a second Trust Deed Mortgage.

Other Types of Mortgages:

Fixed Rate Mortgages

Adjustable Rate Mortgages

Balloon Loans

Government-backed Loans

Interest-only Loans

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