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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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Second Mortgages Sinking More Homeowners
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
Second Mortgages Sinking More Homeowners
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
Second Mortgages Sinking More Homeowners

June 8, 2011 (Shirley Allen)

The number of underwater mortgages declined to 22.7 percent of all residential properties at the end of the first quarter of 2011, but if you had a home equity loan you were twice as likely to have negative equity according to the latest data released by CoreLogic.

Eighteen percent of borrowers who did not have a home equity loan were under water at the end of the first quarter, however, 38 percent of borrowers with home equity loans were in a negative equity position and over 40 percent of borrowers who had negative equity, had home equity loans.

And the difference in the amount of negative equity between underwater borrowers with home equity loans and those who didn’t was substantial.

Borrowers who had negative equity in their properties, but didn’t have a home equity loan, were underwater by an average of $52,500. Borrowers who had negative equity and had taken a home equity loan against their property were underwater by an average of $83,000.

The total number of residential properties with negative equity at the end of the first quarter of 2011 was 10.9 million, which was down from 11.1 in the fourth quarter of 2010.

The amount of borrowers who had less than five percent equity in their homes, referred to as near-negative equity, was 2.4 million.

The number of negative equity and near-negative equity mortgages accounted for 27.7 percent of all residential properties in the first quarter, which was down from 27.9 percent at the end of the fourth quarter.

Nevada was the state with the highest negative equity percentage with 63 percent of all mortgaged properties underwater, followed by Arizona (50%), Florida (46%), Michigan (36%) and California (31%).

Las Vegas was the largest metropolitan area with the highest negative equity percentage with a 66 percent share, followed by Stockton (56%), Phoenix (55%), Modesto (55%) and Reno (54%).

Tags: CoreLogic, underwater mortgages, residential properties, home equity loan, negative equity, borrowers, mortgage loans

Source:
CoreLogic

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.
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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

June 8, 2011 (Shirley Allen)

The number of underwater mortgages declined to 22.7 percent of all residential properties at the end of the first quarter of 2011, but if you had a home equity loan you were twice as likely to have negative equity according to the latest data released by CoreLogic.

Eighteen percent of borrowers who did not have a home equity loan were under water at the end of the first quarter, however, 38 percent of borrowers with home equity loans were in a negative equity position and over 40 percent of borrowers who had negative equity, had home equity loans.

And the difference in the amount of negative equity between underwater borrowers with home equity loans and those who didn’t was substantial.

Borrowers who had negative equity in their properties, but didn’t have a home equity loan, were underwater by an average of $52,500. Borrowers who had negative equity and had taken a home equity loan against their property were underwater by an average of $83,000.

The total number of residential properties with negative equity at the end of the first quarter of 2011 was 10.9 million, which was down from 11.1 in the fourth quarter of 2010.

The amount of borrowers who had less than five percent equity in their homes, referred to as near-negative equity, was 2.4 million.

The number of negative equity and near-negative equity mortgages accounted for 27.7 percent of all residential properties in the first quarter, which was down from 27.9 percent at the end of the fourth quarter.

Nevada was the state with the highest negative equity percentage with 63 percent of all mortgaged properties underwater, followed by Arizona (50%), Florida (46%), Michigan (36%) and California (31%).

Las Vegas was the largest metropolitan area with the highest negative equity percentage with a 66 percent share, followed by Stockton (56%), Phoenix (55%), Modesto (55%) and Reno (54%).

Tags: CoreLogic, underwater mortgages, residential properties, home equity loan, negative equity, borrowers, mortgage loans

Source:
CoreLogic

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

June 8, 2011 (Shirley Allen)

The number of underwater mortgages declined to 22.7 percent of all residential properties at the end of the first quarter of 2011, but if you had a home equity loan you were twice as likely to have negative equity according to the latest data released by CoreLogic.

Eighteen percent of borrowers who did not have a home equity loan were under water at the end of the first quarter, however, 38 percent of borrowers with home equity loans were in a negative equity position and over 40 percent of borrowers who had negative equity, had home equity loans.

And the difference in the amount of negative equity between underwater borrowers with home equity loans and those who didn’t was substantial.

Borrowers who had negative equity in their properties, but didn’t have a home equity loan, were underwater by an average of $52,500. Borrowers who had negative equity and had taken a home equity loan against their property were underwater by an average of $83,000.

The total number of residential properties with negative equity at the end of the first quarter of 2011 was 10.9 million, which was down from 11.1 in the fourth quarter of 2010.

The amount of borrowers who had less than five percent equity in their homes, referred to as near-negative equity, was 2.4 million.

The number of negative equity and near-negative equity mortgages accounted for 27.7 percent of all residential properties in the first quarter, which was down from 27.9 percent at the end of the fourth quarter.

Nevada was the state with the highest negative equity percentage with 63 percent of all mortgaged properties underwater, followed by Arizona (50%), Florida (46%), Michigan (36%) and California (31%).

Las Vegas was the largest metropolitan area with the highest negative equity percentage with a 66 percent share, followed by Stockton (56%), Phoenix (55%), Modesto (55%) and Reno (54%).

Tags: CoreLogic, underwater mortgages, residential properties, home equity loan, negative equity, borrowers, mortgage loans

Source:
CoreLogic

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