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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
mortgage loan
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
mortgage loan

Last 3 Big Banks Join FHA’s Short-Refi Program

2011-03-16T05:00:29-07:00

March 16, 2011 (Shirley Allen) Just days after the House of Representatives voted to kill the Federal Housing Administration’s (FHA) Short Refinance Program, Bank of America, JPMorgan Chase, and Citigroup have joined Wells Fargo and Ally Financial/GMAC as participants in the struggling program. Read more...

Last 3 Big Banks Join FHA’s Short-Refi Program2011-03-16T05:00:29-07:00

Obama’s $20B Proposal: A Drop in the Bucket

2011-02-28T04:50:05-07:00

February 28, 2011 (Chris Moore) Although in the early stages, the battle lines are already being drawn in the sand over the Presidents reported proposal to force mortgage lenders and servicers to either pay fines of over $20 billion or to modify an equal amount of mortgage loans by writing down the principal balances. On [...]

Obama’s $20B Proposal: A Drop in the Bucket2011-02-28T04:50:05-07:00

CUMA Closes First HarmonyLoan

2011-01-11T05:15:36-07:00

January 11, 2011 (Jeff Alan) The Credit Union Mortgage Association (CUMA) announced that it has closed the first HarmonyLoan for a member of the Agriculture Federal Credit Union in conjunction with Mortgage Harmony Corporation. The HarmonyLoan allows homeowners an automatic rate-reset modification option, and no additional paperwork. The consumer manages their own loan and decides [...]

CUMA Closes First HarmonyLoan2011-01-11T05:15:36-07:00

Should States Try to Force Loan Modifications?

2011-01-04T05:30:29-07:00

January 4 2011 (Jeff Alan) Despite the outcries from consumer advocates, only three states and two cities require mandatory mediation and even those don’t require the lenders to make a settlement. The only thing that administrators in the mandatory programs tell borrowers and lenders at the beginning of the foreclosure process is that they are [...]

Should States Try to Force Loan Modifications?2011-01-04T05:30:29-07:00

New Rules for Adjustable Rate Mortgages Coming

2010-12-23T05:30:46-07:00

December 23, 2010 (Shirley Allen) Beginning October 1st, 2011, mortgage banks and lenders must notify mortgage applicants of the risk of possible payment increases on any adjustable rate mortgage loan before they agree to the terms of the loan. Read more...

New Rules for Adjustable Rate Mortgages Coming2010-12-23T05:30:46-07:00

Is That Home REALLY For Sale?

2010-12-15T05:05:10-07:00

December 15 2010 (Jeff Alan) So you’ve decided to buy a home. You’ve done all the right things, decided where you want to live, how many bedrooms and baths you want, and you get pre-qualified for a loan. You’re just about ready to start your search when one day after a long hard day of [...]

Is That Home REALLY For Sale?2010-12-15T05:05:10-07:00

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