LoanRateUpdate is a provider of financial services information. All of our contributors are currently or have previously been employed in the industries that are represented on this website. Our goal since 2010 has been to educate our visitors and empower them with knowledge so that they can make good, sound financial decisions that over the course of their lifetime can save them thousands of dollars many times over.
According to a recent survey, approximately 60 percent of all borrowers who had recently secured a mortgage contacted only one lender. Participants in the survey were more likely to shop for less expensive items like cars or trucks and consumer electronics than they were for a mortgage despite the fact that shopping for a mortgage could save tens of thousands of dollars. What many prospective borrowers don’t know is that not all lenders charge the same fees or rates for the same services. Interest rates and fees vary daily and from lender to lender.
Knowing your options and understanding what services are available to you whether you’re searching for a home, a home mortgage, a new car or an auto loan, or even if your business needs a loan to expand, LoanRateUpdate can provide you with the knowledge it takes to make better decisions that can save you money.
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