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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
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Most Refinance Loans Are Fixed Rate Mortgages
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
Most Refinance Loans Are Fixed Rate Mortgages
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
Most Refinance Loans Are Fixed Rate Mortgages

November 15 2010 (Chris Moore)
home_loan_refinance
Freddie Mac has reported that over 95 percent of all refinanced mortgages in the third quarter of 2010 were fixed rate loans. The 30 year fixed rate mortgage was the most preferred loan by those who had previously either had a 30 year mortgage before or had an adjustable rate mortgage.

The mortgage giant also reported that the shorter term, 15 year and 20 year fixed rate mortgages, were also gaining in popularity due to the record low mortgage rates.

“The share of borrowers shortening their amortization terms remains high,” said Frank Nothaft, Freddie Mac VP and chief economist, in a statement.

“There is always a discount for shorter terms but the payments are often about 50 percent higher than a 30-year amortizing payment and thus are unaffordable to many homeowners. What we’re seeing now is that the level of the 15-year payment is becoming more affordable to more borrowers.”

Many borrowers who had previously had a 30 year fixed or adjustable rate loans found that their payments were not significantly higher with a 15 year fixed rate mortgage at today’s low interest rates, which had not been so in the past. With the higher interest rates of the past, 15 year mortgages were usually 50 percent higher than a 30 year mortgage.

With today’s low rates for 15 year mortgages the payment may be slightly higher, but the long term savings by shortening their loan term amounts to a huge savings in interest over the life of the loan.

Freddie Mac also reported in its monthly ARM survey that year-to-date through September, the ARM share of applications was just six percent of all purchase applications and refinance applications, a far cry from the 80 plus percent range during the end of the housing boom.

Tags: freddie mac, 15 year fixed loan, 30 year fixed loan, ARM, adjustable rate mortgage, mortgage rates, interest rates, low mortgage rates, loan term

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.
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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

November 15 2010 (Chris Moore)
home_loan_refinance
Freddie Mac has reported that over 95 percent of all refinanced mortgages in the third quarter of 2010 were fixed rate loans. The 30 year fixed rate mortgage was the most preferred loan by those who had previously either had a 30 year mortgage before or had an adjustable rate mortgage.

The mortgage giant also reported that the shorter term, 15 year and 20 year fixed rate mortgages, were also gaining in popularity due to the record low mortgage rates.

“The share of borrowers shortening their amortization terms remains high,” said Frank Nothaft, Freddie Mac VP and chief economist, in a statement.

“There is always a discount for shorter terms but the payments are often about 50 percent higher than a 30-year amortizing payment and thus are unaffordable to many homeowners. What we’re seeing now is that the level of the 15-year payment is becoming more affordable to more borrowers.”

Many borrowers who had previously had a 30 year fixed or adjustable rate loans found that their payments were not significantly higher with a 15 year fixed rate mortgage at today’s low interest rates, which had not been so in the past. With the higher interest rates of the past, 15 year mortgages were usually 50 percent higher than a 30 year mortgage.

With today’s low rates for 15 year mortgages the payment may be slightly higher, but the long term savings by shortening their loan term amounts to a huge savings in interest over the life of the loan.

Freddie Mac also reported in its monthly ARM survey that year-to-date through September, the ARM share of applications was just six percent of all purchase applications and refinance applications, a far cry from the 80 plus percent range during the end of the housing boom.

Tags: freddie mac, 15 year fixed loan, 30 year fixed loan, ARM, adjustable rate mortgage, mortgage rates, interest rates, low mortgage rates, loan term

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

November 15 2010 (Chris Moore)
home_loan_refinance
Freddie Mac has reported that over 95 percent of all refinanced mortgages in the third quarter of 2010 were fixed rate loans. The 30 year fixed rate mortgage was the most preferred loan by those who had previously either had a 30 year mortgage before or had an adjustable rate mortgage.

The mortgage giant also reported that the shorter term, 15 year and 20 year fixed rate mortgages, were also gaining in popularity due to the record low mortgage rates.

“The share of borrowers shortening their amortization terms remains high,” said Frank Nothaft, Freddie Mac VP and chief economist, in a statement.

“There is always a discount for shorter terms but the payments are often about 50 percent higher than a 30-year amortizing payment and thus are unaffordable to many homeowners. What we’re seeing now is that the level of the 15-year payment is becoming more affordable to more borrowers.”

Many borrowers who had previously had a 30 year fixed or adjustable rate loans found that their payments were not significantly higher with a 15 year fixed rate mortgage at today’s low interest rates, which had not been so in the past. With the higher interest rates of the past, 15 year mortgages were usually 50 percent higher than a 30 year mortgage.

With today’s low rates for 15 year mortgages the payment may be slightly higher, but the long term savings by shortening their loan term amounts to a huge savings in interest over the life of the loan.

Freddie Mac also reported in its monthly ARM survey that year-to-date through September, the ARM share of applications was just six percent of all purchase applications and refinance applications, a far cry from the 80 plus percent range during the end of the housing boom.

Tags: freddie mac, 15 year fixed loan, 30 year fixed loan, ARM, adjustable rate mortgage, mortgage rates, interest rates, low mortgage rates, loan term

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