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Questions? Want To Apply By Phone?
Call Our Loan Center Toll Free: 888-650-8939
Call Our Loan Center Toll Free: 888-650-8939
Please note that LoanQuotes.com is not a lender and only provides a completely free comparison service.
For concise advice regarding your own financial situation please consult with your own financial advisor.
Home | About us | Contact | Privacy Policy | Terms of Usage | Sitemap
© 2007 - LoanQuotes.com
For concise advice regarding your own financial situation please consult with your own financial advisor.
Home | About us | Contact | Privacy Policy | Terms of Usage | Sitemap
© 2007 - LoanQuotes.com
The Comfort Of Obtaining Loan Quotes From Home
By LoanQuotes.com
Q: What's the advantage of getting loan quotes online? A: It saves you time and gets you better results.
Instead of calling lenders on the phone one by one to get a loan quote, or settling for just one, you can now obtain your quotes easily online. LoanQuotes.com provides you with up to four competitive loan quotes from top lenders in the US who compete vigorously to give you an attractive quote.
The fact is that there are a lot more than four lending companies clamoring over each other to cater to your financing needs. And because of this fierce competition among lenders, you get top rates to your advantage.
Do you think you could get the same rates by walking into a bank? Of course not, since banks are typically monopolistic when it comes to offering lending services. They have their own product packages available to offer. But their loan officer's job is to decide whether to give you a loan and then convince you to take it, as opposed to giving you the best deal possible while realizing there are other capable lenders who would happily fight for your business.
With current volatility in the home mortgage industry, lenders are all the more eager to find qualified borrowers to serve. The lenders are keenly aware of this, so be sure to not let them think you aren't.
Not only is it easy to obtain a loan quote from the comfort of your own home without pressure of any kind, it's rewarding as well. Plus you are not obligated in any way after you have received your quote. You either decide to accept the quote and complete the process to obtain your loan, or you move on and see if there are better deals to be found.
LoanQuotes.com makes it easy for you to obtain your loan quote via a simple online form ,no social security number is required, and your information is secure. Or if you prefer the phone, simply call toll free for your loan quotes: 888-650-8939. One call to get multiple quotes.
Comparing Loan Quotes Against One Another
So what is the next step after you have received your loan quotes?
It's time to start comparing them...
When you are comparing loan quotes from different lenders, there is more to consider than you might first think. Apart from the interest rate you will be getting, you need to take into account the quoted points and closing costs as well - applicable fees.
* Points, also known as an upfront fee paid to the lender upon closing: each individual point amounts to one percent of the loan amount. These points are either being paid or charged which will result in a rate increase or decrease of the loan. You will most likely be offered various rate and point combinations, so it's important to look carefully at the different scenarios.
* Then you have your various other closing costs: escrow fees, title fees, transfer charges, etc - can add thousands of dollars to the overall cost of your loan. So take these into account when comparing loan quotes against each other as well.
* There are also the lender's direct fees: processing fees, approval fees, etc.
When you have this data then you could use the loan comparison calculator to give you an idea which loan quote would give you a better deal. (Once you have received your quote, you can and should also ask for a written "good faith estimate" which spells out these details).
You will want to make your decision on the best overall value, as well as what best fits your needs. The criteria varies among borrowers. For some it is which monthly payments are the best. For others it may be which lender offers the lowest absolute cost over the life of the loan. And yet for others it might be whether there is a prepayment penalty for refinancing or paying off the loan early. It's your home, your loan, and your decision.
Happy hunting!
DISCLAIMER: There is NO WARRANTY, expressed or implied by LoanQuotes.com concerning the accuracy of the information provided or it's applicability to your personal financial situation. To obtain a definitive answer please consult with your own financial advisor.
By LoanQuotes.com
Q: What's the advantage of getting loan quotes online? A: It saves you time and gets you better results.
Instead of calling lenders on the phone one by one to get a loan quote, or settling for just one, you can now obtain your quotes easily online. LoanQuotes.com provides you with up to four competitive loan quotes from top lenders in the US who compete vigorously to give you an attractive quote.
The fact is that there are a lot more than four lending companies clamoring over each other to cater to your financing needs. And because of this fierce competition among lenders, you get top rates to your advantage.
Do you think you could get the same rates by walking into a bank? Of course not, since banks are typically monopolistic when it comes to offering lending services. They have their own product packages available to offer. But their loan officer's job is to decide whether to give you a loan and then convince you to take it, as opposed to giving you the best deal possible while realizing there are other capable lenders who would happily fight for your business.
With current volatility in the home mortgage industry, lenders are all the more eager to find qualified borrowers to serve. The lenders are keenly aware of this, so be sure to not let them think you aren't.
Not only is it easy to obtain a loan quote from the comfort of your own home without pressure of any kind, it's rewarding as well. Plus you are not obligated in any way after you have received your quote. You either decide to accept the quote and complete the process to obtain your loan, or you move on and see if there are better deals to be found.
LoanQuotes.com makes it easy for you to obtain your loan quote via a simple online form ,no social security number is required, and your information is secure. Or if you prefer the phone, simply call toll free for your loan quotes: 888-650-8939. One call to get multiple quotes.
Comparing Loan Quotes Against One Another
So what is the next step after you have received your loan quotes?
It's time to start comparing them...
When you are comparing loan quotes from different lenders, there is more to consider than you might first think. Apart from the interest rate you will be getting, you need to take into account the quoted points and closing costs as well - applicable fees.
* Points, also known as an upfront fee paid to the lender upon closing: each individual point amounts to one percent of the loan amount. These points are either being paid or charged which will result in a rate increase or decrease of the loan. You will most likely be offered various rate and point combinations, so it's important to look carefully at the different scenarios.
* Then you have your various other closing costs: escrow fees, title fees, transfer charges, etc - can add thousands of dollars to the overall cost of your loan. So take these into account when comparing loan quotes against each other as well.
* There are also the lender's direct fees: processing fees, approval fees, etc.
When you have this data then you could use the loan comparison calculator to give you an idea which loan quote would give you a better deal. (Once you have received your quote, you can and should also ask for a written "good faith estimate" which spells out these details).
You will want to make your decision on the best overall value, as well as what best fits your needs. The criteria varies among borrowers. For some it is which monthly payments are the best. For others it may be which lender offers the lowest absolute cost over the life of the loan. And yet for others it might be whether there is a prepayment penalty for refinancing or paying off the loan early. It's your home, your loan, and your decision.
Happy hunting!
DISCLAIMER: There is NO WARRANTY, expressed or implied by LoanQuotes.com concerning the accuracy of the information provided or it's applicability to your personal financial situation. To obtain a definitive answer please consult with your own financial advisor.
