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
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 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
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
mortgages

Ten Mortgage Mistakes That Will Cost You

2011-02-21T05:05:42-07:00

February 21, 2011 (Jeff Alan) It’s a brave new world out there. There are more homes for sale than political promises, but getting a mortgage loan has never been tougher. The housing crisis has resulted in a boon of new regulations, with new mortgage-lending regulations to protect you from predatory lenders and many new underwriting [...]

Ten Mortgage Mistakes That Will Cost You2011-02-21T05:05:42-07:00

FICO Wants You to Know About Your Credit Score

2011-02-21T05:00:35-07:00

February 21, 2011 (Chris Moore) Fair, Isaac & Co., the folks who originated the closely guarded “FICO” credit score, have launched a website that helps consumers understand how credit scores can affect many areas of your life in this era of new financial regulations. The company also recently opened up about how your activities can [...]

FICO Wants You to Know About Your Credit Score2011-02-21T05:00:35-07:00

Florida Has Nation’s Highest Foreclosure Rate

2011-02-18T05:15:56-07:00

February 18, 2011 (Shirley Allen) Florida now has the nation’s highest foreclosure rate accounting for nearly one out of every four foreclosures in the country. More than 14 percent of Florida’s mortgages were in foreclosure in the fourth quarter of 2010 On top of that, an additional 5.2 percent were more than 90 days behind [...]

Florida Has Nation’s Highest Foreclosure Rate2011-02-18T05:15:56-07:00

Three Lenders Close Half of All Mortgages

2011-02-17T05:30:41-07:00

February 17, 2011 (Shirley Allen) Just three banks accounted for more than half of all mortgages originated in 2010. Wells Fargo, Bank of America and JPMorgan Chase held onto their positions as the nation’s three biggest mortgage lenders, in that order, accounting for 56 percent of all mortgage closings in 2010. Overall mortgage lending declined [...]

Three Lenders Close Half of All Mortgages2011-02-17T05:30:41-07:00

Mortgage Modifications Drop; Mod Defaults to Rise

2011-02-08T05:00:25-07:00

February 8, 2011 (Chris Moore) Credit rating agency Fitch Ratings reported that mortgage servicers modified 36,500 mortgages through government and proprietary programs in December 2010, down 57% from the peak of 86,500 in April 2009. Fitch also stated that based on current and expected inventory, it will take four years to remove the backlog of [...]

Mortgage Modifications Drop; Mod Defaults to Rise2011-02-08T05:00:25-07:00

FHA Approves Anti-Flipping Proposal

2011-01-31T06:00:30-07:00

January 31, 2011 (Chris Moore) The Federal Housing Authority (FHA) has followed through on its recent proposal of extending the suspension of its “anti-flipping” rule through the remainder of 2011. Since the waiver originally went into effect the FHA has insured more than 21,000 mortgages worth over $3.6 billion on properties resold with 90 days. [...]

FHA Approves Anti-Flipping Proposal2011-01-31T06:00:30-07:00