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Best Loan Options In 2014 Discussed By Loan Love

SAN DIEGO, March 21, 2014 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. 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 and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Although today's loan market may seem more friendly to the average loan borrower as there are more loan options than ever before, this may often not be the case; More options can equal more confusion in finding a convenient loan. Loan Love's new article helps narrow down the search with their newest article that shows some of the best loan options of 2014.

This new article, titled "The 7 Most Popular Loan Options Made Simple " helps readers tackle the issue of seeking out the perfect loan option, given the many available and varied mortgage loan types out there. "With a wide selection of fixed-rate loans, adjustable-rate mortgages (ARMs) as well as term lengths, down payment requirements and interest rates, just about any consumer can find a mortgage that suits their budget and both their short-term and long-term financial goals" mentions the Loan Love article.

The article goes on to give a list of some of the most widely used loan options in 2014 and provides a description of each loan option and their advantages. For instance, one of the mentioned loan options was the VA loan option. VA (Veteran Affairs) loan is especially beneficial to those who served or are serving in the military in the sense that it is different from other loan options; VA loans require no down payments from the borrowers nor does it require previous experience. In some circumstances, the complete package may even included closing costs be paid off. The only requirement needed when applying for a VA loan is a Certificate of Eligibility, or COE for short.

The article also provides several links within the article, below each of loan option descriptions. The links themselves offer further information of a loan option so that loan borrowers can further look up and research each loan so that they may come to their own conclusion on which loan option is the best for their home planning needs. With loan options ranging from jumbo mortgages to a 30-year mortgage plan, there is a suitable loan option for any borrower. On reverse mortgages, Loan Love had this to say: 

"A relatively new entry into the mortgage industry, reverse mortgages are ideal for homeowners 62 years of age or older who want to tap into their home's existing equity to help them get some breathing room in their budgets, to pay for home repairs or modifications, or even to pay for a special vacation or other purchase. Like any other loan, there are disadvantages, too, and loans require consumers to go through free counseling to ensure they understand all the risks associated with these mortgages."

To learn more on the most popular loan options loan borrowers are taking and to view the full article with attached links, please visit LoanLove.com.

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

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE LoanLove.com

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