How To Find The Best Mortgage Interest Rates - A New Loan Love Pro Tip Guide

PR Newswire

SAN DIEGO, Sept. 9, 2013 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. When it comes to helping loan borrowers on how to find the best mortgage interest rates, Loan Love is always on top with the latest in mortgage interest news. This is reflected in their newest article "How To Find The Best Mortgage Interest Rates (As Easy As 1-2-3)" by giving a three-step guide to how loan borrowers can make the best of their income. While the difference between two loan products is low, even a single percentage point on your mortgage rate can make all the difference in the world for saving up to thousands of dollars.

The article points out that the easiest and most efficient way to find the best mortgage rates is surf the web. Unlike in the past, finding interest rates has been made easier with new innovative web tools that make finding mortgage interests all that much easier. Tools like Loan Love's "compare rates" feature that takes all the interest rates from lenders all over the country and compare them to find a suitable loan for a borrower's mortgage plans. However easy, the Loan Love article still recommends loan borrowers do their research before taking on a loan; This is to avoid unethical loans or glossing over the fine print that reveals additional fees and costs relating to the loan.

A second method recommended for loan borrowers is to compare low interest rates at a bank. "If you have an established relationship with a local bank or a credit union, you may be on the insider track to some good deals. Local banks are often willing to provide discounts for customers with multiple accounts and credit unions frequently have special rates for members. Don't belong to a credit union? Look around – online, through your job, through professional affiliations or alumni associations – and find out which ones you're eligible to join. While credit unions used to be few and far between, today there are many to choose from, and chances are, you qualify for at least one" says the article.

Last, the Loan Love article advises loan borrowers to reach out to their networks. Whether this may social, work, or other related networks, word of mouth can help a loan borrower find low interest rate deals by this extension of information. Loan Love recommends that even with a reliable source, every future loan borrower should take time to research a loan product before making any hasty decisions.

As a bonus, the Loan Love article ends with one last important tip: Check your local newspaper. Finding a great mortgage rate in the newspaper used to much easier in the past, and was considered the top method in finding the best rates. With the wide use of the internet, finding mortgage rates on the newspaper has downgraded somewhat. Yet it can still be considered useful for loan borrowers searching for a loan, especially in regional printed newspapers. There are often time-sensitive deals that are only available within the region, and taking time to check these rates can be beneficial.

For more on how to find the best mortgage interest rates, please visit LoanLove.com.
 

Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, contact@loanlove.com

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