The way to find the best home loan.

Home Loans Survey

This free site has been created to help people find the best mortgage rate for a home loan. Home Loans Survey is not a broker or lender.

Find a Mortgage Quote
A simple way to get written, custom quotes from multiple mortgage lenders to buy your dream home with a dream loan.

Home Loan Rates
Find the best home loan interest rates from thousands of lenders and brokers...

Purchase or Refinance Home Loans
Find the perfect mortgage/home loan. Choose from fixed or adjustable rates.

Home Loans for Less than Perfect Credit
Click here to see the best "subprime" purchase and refinance mortgage rates.

Equity Loans & Home Improvement
Fast cash now to ELIMINATE BILLS, make home improvements or REMODEL with up to 125% of your home's value. Quickly turn your home's equity into cash.

FHA Loans
Low down payments and home loans for for first time buyers.

VA Home Loans
Government loans with low rates for veterans, active, or reserve military.

Find a Home Loan Lender
Lenders and brokers ready to help you find the perfect home loan.

Home Loan Interest Rate Information
Learn insider tips on how to negotiate the best rates.

Home Loan Calculators
Powerful financial calculators.

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Rates Comparison for Standard Purchase and Refinance

Find the lowest mortgage rates for all standard home loan purchases, conventional home loan, and first time buyer mortgage refinances.

Click here if you have less than perfect credit.

Home Loan Tips

The Home Loan Application
Once a lender has been selected, the next step will probably be to begin the collection of information the lender needs to approve the loan. They will explain the types of mortgage e loans available, the interest rates and fees for each type and the qualification requirements. During the meeting, the loan officer will fill out, or assist in filling out, the loan application form.

By this time you should have a good idea of the general interest rates and fees being charged. The total cost of a mortgage loan consists of the interest rate on the loan, origination fees, discount points, and miscellaneous other charges. One point is equal to one percent of the amount of the loan and is usually collected at the loan closing, or settlement. The interest rate affects the amount of the monthly payment, while points affect the amount of cash needed at closing.

Most lenders will offer a range of interest rate/point combinations to meet the borrower needs. In general, the higher the interest rate, the lower the points. For example, if the current market provides for an 8.5 percent interest rate with 2 points, a nine percent rate may be offered at no points. If you are a first-time home buyer, the larger monthly payments on the 9 percent loan may be easier to handle than the 2 points that will require additional cash at settlement. If you are a corporate transferee, however, your company's relocation policy may pay all or part of origination costs and the lower rate will have more appeal. The loan officer will probably explain all of your options.

When discussing the terms of the loan, understand how and when the rate and fees on the loan are going to be set. Most lenders will quote a rate and fee at the time the application is taken and then will guarantee, or "lock" the rate quote for a specified length of time. A rate lock protects one from rising interest rates while the loan is being processed, but it also typically commits a borrower close the loan at the rate and the fee even if rates decline prior to closing. Lock periods may run from 10 to 60 days, with longer periods available in some cases at an additional fee. The lock period must be long enough to get through the estimated closing date. A 30-day lock affords no protection if closing is at least 60 days away.

You may have the option to let the mortgage rate "float," getting the final rate and fees set nearer the settlement date. If you believe rates are declining and are willing to run the risk that interest rates could rise during the processing of your loan, you may select this alternative. Before taking a floating mortgage rate, make sure that the rise in interest rates will not create a problem because you have insufficient income to cover the higher payments. In either case, make sure to understand exactly the terms of the loan's lock-in agreement.