Mortgage Loans

Below you will see a chart of lenders that offer mortgage loans. Purchasing a home is one of the most important steps in any American person's life so getting the right mortgage loan is important. Mortgage loans allow people to pay for their home in a straightforward way with a payment plan that suits their situation. Looking for mortgage loans can be tough, but this site can help you to compare mortgage loans. To make the most suitable choice of mortgage loans, take your time and use the chart to compare the main aspects of each mortgage loans lender.

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COMPANYTYPE

TYPE

Lender / Broker

APR

APR

The term annual percentage rate describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate

LOAN AMOUNT

LOAN AMOUNT

Amount you can borrow

MIN TERM

MIN TERM

Minimum borrowing period

MAX TERM

MAX TERM

Maximum borrowing period

TERMS

TERMS

Terms and conditions of loan

SUITABLE

SUITABLE

Applicants the loan is suitable for

ID REQUIRED

ID REQUIRED

Identification required from borrower

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

MORE INFO

Lending Tree
Lending Tree

BrokerFrom 2.79%min $1,50015 years30 yearsTerms

Terms

See website for details

Suitable

Suitable

For refinancing, buying a home or reverse mortgages.

Identification

Identification

See website for details

Restrictions

Restrictions

See website for details

Lending Tree
Choosing the right mortgage loans for your financial situation is a big decision. LendingTree lets you compare home mortgage loans options from multiple lenders, allowing you to choose between fixed rate mortgage loans and adjustable rate mortgages (variable rate loans), both for 15 or 30 year terms.  You can also compare mortgage loans interest rates, points and other loan options to find the best mortgage for your financial needs. DETAIL INFORMATION >>Services

Services

1.LendingTree mortgage loan request
2.Home Loan tips
3.Home loans custom fitted to your needs


Advantages

Advantages

1.Wide choice of home mortgages
2.Choose between fixed rate loans and adjustable rate mortgage
3.15 and 30 year terms
4.Lendingtree uses different lenders to find the best rate for you.


Disadvantages

Disadvantages

1. $1500 minimum loan 2.Application necessary for more information

If you wish to speak to someone: Contact Us

Compare Home Equity Loans and Mortgage Loans

If you are looking for a home equity or mortgage loan then there are a few things to consider

What is a mortgage or home equity loan?

A mortgage is a secured loan and the asset which you provide as security for the collateral of this loan is your home. When most people buy a house they will get a mortgage which is the loan based on the value of your home. Mortgages are generally paid in instalments until eventually they are paid back to the full amount based on the value of the loan plus the interest. A home equity loan is similar to a mortgage in that it releases the equity of your home. This means that you can essentially borrow money against the value of your house.

What to take into account with a mortgage or home equity loan

These are likely to be the biggest loans that you will ever take so they need to be considered very carefully and it is probably worth getting some independent financial advice. You need to remember that if you cannot afford your monthly repayments you risk the possibility of losing your home. There is no point taking out this sort of loan if you cannot afford it.

What is the difference between a fixed rate and variable rate mortgage?

Fixed rate mortgages offer a set amount over a certain length of time. This protects the borrower from interest rate rises during that time. The rates are usually higher than those on the leading variable deals because you are paying for the peace of mind. Variable rates will change depending upon the interest rates at the time so when they are low the mortgage is likely to be cheaper but you run the risk of them getting more expensive when interest rates go up. Make sure you think carefully about whether you want a fixed rate or a variable rate mortgage.

Reducing the risks of mortgages and home loans

The first thing you need to do is to work out exactly how much you can afford to borrow. The bank may offer you more than this but it is important that you do not go above the amount which you need. If you over stretch yourself you can become a slave to your mortgage and if anything goes wrong you will potentially lose your home. Work out how much your repayments will be each month and try to keep costs as low as possible. Mortgages are complicated and serious financial products so it is worth taking out some independent financial advice before you get into a debt situation. Read all terms and conditions thoroughly and speak to a lawyer to ensure that you understand exactly what you are getting into and the rules which surround your agreement.

Finding the right mortgage for you

Compare lots of companies in order to find the mortgage which is best for you. The variety of mortgages on the market at the moment is huge and it can be very difficult to choose. In some cases a mortgage broker may be able to help you make a decision but make sure you do as much research as possible before choosing. In order to get a mortgage you are likely to need a deposit for the house you want to buy and you will need a regular income which the mortgage provider will deem suitable for repaying the debt.

Mortgage Loans - Latest News News and Charts

Positive outlook: Household wealth recovers

09 June 2013 11:OO
Mark Maffia

American families become wealthier again! America's wealth figures grew in the first quarter by $3 trillion to an all-time high of §70.4 trillion. This was announced on Thursday by the Federal Reserve

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Deloitte Sued $7.6 Billion over Mortgage Fraud

27 September 2011
Which Way to Pay

The accounting and consulting giant Deloitte Touche Tohmatsu is fighting allegations over failings when dealing with a mortgage firm, which led to the company’s demise during the housing crash in the US. Deloitte stands accused of missing fraudulent activity in Taylor, Bean & Whitaker (TBW) during audits.

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Struggling To Pay Your Mortgage? Help Is At Hand

10 June 2011
Which Way To Pay

With household budgets pushed to the maximum and living costs higher than ever, many Americans are struggling to meet their mortgage payments and feeling out of their depth. Some people might even be facing the threat of foreclosure. Yet there are options available to help you back on the road to financial stability, without having to sacrifice your home.

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Why Take Life Insurance

14 February 2011
Which Way To Pay

Life insurance, is an insurance policy which pays out to the beneficiary when the insured person passes away. Although it is not compulsory, it is a wise decision to have for anyone who is relied upon for financial support.

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A Leaner Thanksgiving for Economic Reasons

05 November 2010
Which Way To Pay

Americans are setting up for a leaner Thanksgiving this year, due to still-fragile economic conditions.

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