Save Money On Your Mortgage With LoanLove.com's New Mortgage Savings Guide

SAN DIEGO, June 23, 2013 /PRNewswire-iReach/ -- LoanLove.com, a new borrowers advice website founded just this April, has a mission to help consumers and borrowers alike in obtaining the latest information on mortgage lending trends, the real-estate market and the U.S. financial landscape for the purpose of helping them obtain a home loan they love. The new website is quickly becoming a trusted destination for current mortgage news and expert loan advice. 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. To fulfill this goal LoanLove.com is continually updating their website with new articles and guides; a recently posted article on LoanLove.com promises to help "save money on your mortgage" with the new mortgage savings guide for 2013.

The article says of the current mortgage rates: "If you've been sitting on the fence about whether or not to buy a home or refinance your existing mortgage, you might want to hop down and get moving. According to a report in USA published earlier this year, it's pretty unlikely interest rates will get any lower and economic indicators seem to be showing rates will continue to rise this year and beyond." The article goes on to say: "In another more recent report from Bloomberg, leading economic adviser David Kotok predicts interest rates will return to "normal" levels that existed before the economic crisis. Now, you may be saying, "2018 – that's five years away." The thing is, that doesn't mean interest rates are going to be at their current low levels until 2018 and then jump to higher levels over night; what it means is that during the next five years, rates will begin to creep up, and if you want the best deal, now is the best time to act."

Clearly, if a homeowner has been playing with the idea of a refinance, or a would be buyer is looking for the best home financing rates, there really is no time like the present.  However, many are still waiting for rates to go down or are simply too intimidated by the process of looking for the best rates. However the article points out that although it may seem like an onerous, pain-in-the-neck task, shopping for a lower interest rate involves a relatively low time investment for what could turn out to incredibly high yields: A lower interest rate – even a modestly lower rate – can mean big savings over the life of a loan, and not just a few hundred or even a few thousands but tens or even hundreds of thousands of dollars can be saved with just a modest decrease in interest during the life of a 15- or 30-year loan.

Because of the currently low mortgage interest rates, those who are thinking of applying for a home loan or refinancing their current loan can enjoy quick mortgage savings with just a little bit of effort to find the best deals. For more information on tools that can help home owners to find the best rates, please visit LoanLove.com for the full mortgage savings guide.

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

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SOURCE LoanLove.com