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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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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.
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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.
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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.
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Declining Home Values Hurting Small Businesses
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
Declining Home Values Hurting Small Businesses
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
Declining Home Values Hurting Small Businesses

December 29 2010 (Jeff Alan)
money-house-image
A recent study by the Federal Reserve helps to answer one of the reasons why small business creation has been lagging since the end of the recession. The study found that declining home values has limited the ability of homeowners to borrow against the equity of their property which has been an important source of capital in the past.

The Federal Reserve Bank of Cleveland noted that while tighter credit and reduced demand are often cited as reasons that small business lending has declined during the recession, falling property values are also a significant factor and one that could prove harder to overcome.

“The decline in home values has constrained the ability of small business owners to obtain the credit they need to finance their businesses.”

Small business owners reported last summer, that the reduced value of their homes made it difficult for them to obtain the capital needed to finance their business. According to one study cited, as many as one in four small business owners in 2007 either used their home as collateral for a business loan or took out a personal home equity loan to provide business capital.

The report found that households headed by small business owners used Home Equity Lines of Credit (HELOCs) more extensively than those headed by non-business owners. In addition, small business owners’ use of HELOCs increased more rapidly during the housing boom, suggesting they were tapping into more equity.

Certain types of businesses, particularly those in the real estate and construction industries, younger and smaller businesses, those with uncertain financial prospects and those in states where the increase in home values during the boom was highest appeared to more likely to borrow against their homes equity.

Although the more widely recognized business credit concerns may dominate the press, restoring home equity lending for the purpose starting a business or expanding a business presents significant challenges in today’s housing market.

“Returning small business owners to pre-recession levels of credit access will require an increase in home prices or a weaning of small business owners from the use of home equity as a source of financing. Neither of those alternatives falls into the category of easy and quick solutions.”

Tags: home values, federal reserve, recession, homeowner equity, tight credit, small business lending, falling home values, small business owners, heloc

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.
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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.
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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

December 29 2010 (Jeff Alan)
money-house-image
A recent study by the Federal Reserve helps to answer one of the reasons why small business creation has been lagging since the end of the recession. The study found that declining home values has limited the ability of homeowners to borrow against the equity of their property which has been an important source of capital in the past.

The Federal Reserve Bank of Cleveland noted that while tighter credit and reduced demand are often cited as reasons that small business lending has declined during the recession, falling property values are also a significant factor and one that could prove harder to overcome.

“The decline in home values has constrained the ability of small business owners to obtain the credit they need to finance their businesses.”

Small business owners reported last summer, that the reduced value of their homes made it difficult for them to obtain the capital needed to finance their business. According to one study cited, as many as one in four small business owners in 2007 either used their home as collateral for a business loan or took out a personal home equity loan to provide business capital.

The report found that households headed by small business owners used Home Equity Lines of Credit (HELOCs) more extensively than those headed by non-business owners. In addition, small business owners’ use of HELOCs increased more rapidly during the housing boom, suggesting they were tapping into more equity.

Certain types of businesses, particularly those in the real estate and construction industries, younger and smaller businesses, those with uncertain financial prospects and those in states where the increase in home values during the boom was highest appeared to more likely to borrow against their homes equity.

Although the more widely recognized business credit concerns may dominate the press, restoring home equity lending for the purpose starting a business or expanding a business presents significant challenges in today’s housing market.

“Returning small business owners to pre-recession levels of credit access will require an increase in home prices or a weaning of small business owners from the use of home equity as a source of financing. Neither of those alternatives falls into the category of easy and quick solutions.”

Tags: home values, federal reserve, recession, homeowner equity, tight credit, small business lending, falling home values, small business owners, heloc

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

December 29 2010 (Jeff Alan)
money-house-image
A recent study by the Federal Reserve helps to answer one of the reasons why small business creation has been lagging since the end of the recession. The study found that declining home values has limited the ability of homeowners to borrow against the equity of their property which has been an important source of capital in the past.

The Federal Reserve Bank of Cleveland noted that while tighter credit and reduced demand are often cited as reasons that small business lending has declined during the recession, falling property values are also a significant factor and one that could prove harder to overcome.

“The decline in home values has constrained the ability of small business owners to obtain the credit they need to finance their businesses.”

Small business owners reported last summer, that the reduced value of their homes made it difficult for them to obtain the capital needed to finance their business. According to one study cited, as many as one in four small business owners in 2007 either used their home as collateral for a business loan or took out a personal home equity loan to provide business capital.

The report found that households headed by small business owners used Home Equity Lines of Credit (HELOCs) more extensively than those headed by non-business owners. In addition, small business owners’ use of HELOCs increased more rapidly during the housing boom, suggesting they were tapping into more equity.

Certain types of businesses, particularly those in the real estate and construction industries, younger and smaller businesses, those with uncertain financial prospects and those in states where the increase in home values during the boom was highest appeared to more likely to borrow against their homes equity.

Although the more widely recognized business credit concerns may dominate the press, restoring home equity lending for the purpose starting a business or expanding a business presents significant challenges in today’s housing market.

“Returning small business owners to pre-recession levels of credit access will require an increase in home prices or a weaning of small business owners from the use of home equity as a source of financing. Neither of those alternatives falls into the category of easy and quick solutions.”

Tags: home values, federal reserve, recession, homeowner equity, tight credit, small business lending, falling home values, small business owners, heloc

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