Welcome to My Loan Expert
Start your mortgage rate search here. If you’re searching for a mortgage anywhere in the USA, you’ll find it through MyLoanExpert.com. When you complete the short form above, you’re application is routed to a network of more than 250 lenders. You’ll be contacted by up to four lenders offering competitive rates.
Get details about the mortgage offer in writing
When you are searching for the best mortgage rate, it is important to look at interest rates from more than one lender. Comparing offers requires that you know all of the facts about any given mortgage quote, including closing costs, Note rate, Annual Percentage Rate, an prepayment penalty information, etc…
Get recommendations from your loan officer
When you’re searching for mortgage rates, you may already know what you are looking for but it’s always a good idea to ask a loan officer what type of loan he or she recommends for your particular plans. If you are moving in two years, you may want to consider a short term adjustable rate mortgage rather than a thirty year fixed rate loan. It may save you thousands of dollars in interest that you shouldn’t pay by being overly conservative and selecting higher, long term mortgage rates.
Compare "Apples to Apples" when it comes to mortgages
Mortgage rates vary lender to lender but typically you may not see large differences between lenders due to the competitive nature of the mortgage market. By getting a Good Faith estimate, you can compare apples to apples with various mortgage rates. Remember to get details on the rate lock and ensure that the rate won’t change when you finally select the lender.
At MyLoanExpert, you'll find Mortgage Rate quotes by completing one simple form above. Our lender network is large and consists of more than 250 lenders. When you submit your form, you'll be contacted by up to four lenders
Wherever your property is in the USA, our network of mortgage lenders can offer mortgage rates for your particular area. Get competitive mortgage rates at MyLoanExpert.
Credit Score Factors A credit score can be defined as a number that evaluates the possibility of a person to pay back a loan within a given period of time. When an individual is interested in borrowing money, the lender informs the credit bureau. The bureau comes up with a credit report which is aimed […]
Refinancing Terms If you are in the market looking for refinancing options on your home mortgage, it is important to familiarize yourself with the terms commonly used. Poring over boring mortgage textbooks is not required. Here’s a look at the basic refinancing lingo to get you started. APR: Different lenders calculate the APR or the […]
Mortgage Refinance and Taxes When you own your home, you get large income tax deduction for mortgage interest. However, when you refinance your mortgage loan into a lower interest rate, you’ll pay less interest but more income tax. HAD vs. HED HAD stands for Home Acquisition Debt and HED stands for Home Equity Debt. HAD […]
Second Mortgage to offset PMI Many homeowners find it difficult to find the funds for a 20 percent down payment on their homes. Without the down payment, it becomes mandatory for home buyers to go in for PMI (Private Mortgage Insurance). The PMI has to stay in effect until such time that the value of […]
Self-employed people and refinancing While in all other ways, America encourages entrepreneurs, borrowing is one area that most self-employed people face difficulties. Be it a conventional loan or a mortgage on the home, bankers have a problem offering money to the self-employed. This is because the self-employed often show less income than their counterparts in […]