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
Buying Now Less Expensive Than Renting in Most Cities
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
Buying Now Less Expensive Than Renting in Most Cities
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
Buying Now Less Expensive Than Renting in Most Cities

January 28, 2011 (Shirley Allen)
mortgage-rent-vs-buy-image
The tables have finally turned on the buying versus renting debate. During the housing boom as home prices became insanely high, it was far cheaper to rent than to buy a home, unless of course you got one of those great one percent teaser loans, but that didn’t work out well for most people.

It’s now cheaper to buy a home rather than rent one in 72 percent of the 50 largest U.S. cities, according to Trulia’s rent vs. buy index, which compares the total cost of home ownership to the cost of renting.

“Since the start of the ‘Great Recession,’ many former home owners have flooded the rental market,” Pete Flint, CEO of Trulia, said in a news release about the index. “Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.”

Trulia compared the median list price of a two-bedroom home with the median price paid for rent in 50 cities. The company then assigned a price-to-rent ratio to each city, with any number below 15 signifying a homebuyer’s market and any number above 21 signifying a renter’s market. Any market between those two numbers has more balanced rent versus buy costs.

The cities where buying was deemed more affordable than renting tended to be those with high levels of foreclosures and unemployment, factors which also reduce the pool of qualified buyers. The two cities where buying was deemed most affordable were Miami and Las Vegas, both of which have regularly ranked among the nation’s hardest-hit housing markets since the economic downturn began. In both cities, median home prices were only six times the median annual rent for a two-bedroom home.

Rounding out the top ten were Arlington, TX, Mesa, AZ, Phoenix, AZ, Jacksonville, FL, Sacramento, CA, San Antonio, TX, Fresno, CA, and El Paso, TX.

According to the report, the top 10 cities deemed more affordable to rent over buying were New York, NY, Seattle, WA, Kansas City, MO, San Francisco, CA, Memphis, TN, Los Angeles, CA, Fort Worth, TX, Oakland, CA, Portland, OR, and Albuquerque, NM.

“Although owning a home is relatively more affordable in most cities, market conditions have caused an interesting demographic swap between traditional renters and buyers,” said Tara-Nicholle Nelson, a Trulia spokeperson. “For example, lifelong renters are seizing the opportunity to become homeowners while affordability is high. At the same time, a growing number of long-time homeowners are finding themselves tenants – some by choice and others by necessity.”

To read the full report and see the total list of cities, click here.

Tags: rent vs buying, home prices, cost of home homeownership, great recession, median list price, affordable, market conditions, price-to-rent ratio

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

January 28, 2011 (Shirley Allen)
mortgage-rent-vs-buy-image
The tables have finally turned on the buying versus renting debate. During the housing boom as home prices became insanely high, it was far cheaper to rent than to buy a home, unless of course you got one of those great one percent teaser loans, but that didn’t work out well for most people.

It’s now cheaper to buy a home rather than rent one in 72 percent of the 50 largest U.S. cities, according to Trulia’s rent vs. buy index, which compares the total cost of home ownership to the cost of renting.

“Since the start of the ‘Great Recession,’ many former home owners have flooded the rental market,” Pete Flint, CEO of Trulia, said in a news release about the index. “Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.”

Trulia compared the median list price of a two-bedroom home with the median price paid for rent in 50 cities. The company then assigned a price-to-rent ratio to each city, with any number below 15 signifying a homebuyer’s market and any number above 21 signifying a renter’s market. Any market between those two numbers has more balanced rent versus buy costs.

The cities where buying was deemed more affordable than renting tended to be those with high levels of foreclosures and unemployment, factors which also reduce the pool of qualified buyers. The two cities where buying was deemed most affordable were Miami and Las Vegas, both of which have regularly ranked among the nation’s hardest-hit housing markets since the economic downturn began. In both cities, median home prices were only six times the median annual rent for a two-bedroom home.

Rounding out the top ten were Arlington, TX, Mesa, AZ, Phoenix, AZ, Jacksonville, FL, Sacramento, CA, San Antonio, TX, Fresno, CA, and El Paso, TX.

According to the report, the top 10 cities deemed more affordable to rent over buying were New York, NY, Seattle, WA, Kansas City, MO, San Francisco, CA, Memphis, TN, Los Angeles, CA, Fort Worth, TX, Oakland, CA, Portland, OR, and Albuquerque, NM.

“Although owning a home is relatively more affordable in most cities, market conditions have caused an interesting demographic swap between traditional renters and buyers,” said Tara-Nicholle Nelson, a Trulia spokeperson. “For example, lifelong renters are seizing the opportunity to become homeowners while affordability is high. At the same time, a growing number of long-time homeowners are finding themselves tenants – some by choice and others by necessity.”

To read the full report and see the total list of cities, click here.

Tags: rent vs buying, home prices, cost of home homeownership, great recession, median list price, affordable, market conditions, price-to-rent ratio

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

January 28, 2011 (Shirley Allen)
mortgage-rent-vs-buy-image
The tables have finally turned on the buying versus renting debate. During the housing boom as home prices became insanely high, it was far cheaper to rent than to buy a home, unless of course you got one of those great one percent teaser loans, but that didn’t work out well for most people.

It’s now cheaper to buy a home rather than rent one in 72 percent of the 50 largest U.S. cities, according to Trulia’s rent vs. buy index, which compares the total cost of home ownership to the cost of renting.

“Since the start of the ‘Great Recession,’ many former home owners have flooded the rental market,” Pete Flint, CEO of Trulia, said in a news release about the index. “Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.”

Trulia compared the median list price of a two-bedroom home with the median price paid for rent in 50 cities. The company then assigned a price-to-rent ratio to each city, with any number below 15 signifying a homebuyer’s market and any number above 21 signifying a renter’s market. Any market between those two numbers has more balanced rent versus buy costs.

The cities where buying was deemed more affordable than renting tended to be those with high levels of foreclosures and unemployment, factors which also reduce the pool of qualified buyers. The two cities where buying was deemed most affordable were Miami and Las Vegas, both of which have regularly ranked among the nation’s hardest-hit housing markets since the economic downturn began. In both cities, median home prices were only six times the median annual rent for a two-bedroom home.

Rounding out the top ten were Arlington, TX, Mesa, AZ, Phoenix, AZ, Jacksonville, FL, Sacramento, CA, San Antonio, TX, Fresno, CA, and El Paso, TX.

According to the report, the top 10 cities deemed more affordable to rent over buying were New York, NY, Seattle, WA, Kansas City, MO, San Francisco, CA, Memphis, TN, Los Angeles, CA, Fort Worth, TX, Oakland, CA, Portland, OR, and Albuquerque, NM.

“Although owning a home is relatively more affordable in most cities, market conditions have caused an interesting demographic swap between traditional renters and buyers,” said Tara-Nicholle Nelson, a Trulia spokeperson. “For example, lifelong renters are seizing the opportunity to become homeowners while affordability is high. At the same time, a growing number of long-time homeowners are finding themselves tenants – some by choice and others by necessity.”

To read the full report and see the total list of cities, click here.

Tags: rent vs buying, home prices, cost of home homeownership, great recession, median list price, affordable, market conditions, price-to-rent ratio

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