San Diego, CA (PRWEB) November 29, 2013
LoanLove.com is a borrower advice website that helps borrowers to understand their mortgage options in a fun and entertaining way. The website provides a number of articles and guides that both first time home buyers and experienced home owners can benefit from. Their large selection of valuable resources, first class knowledge and connections to top rated industry professionals has helped the website to fulfill its mission to help borrowers find a loan that they will love by providing the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape. The websites newest resource is a loan terminology guide titled that helps to answer the question What is a conforming loan?
In this new article, Loan Love explains some of the more commonly confused loan terminology in order to help their readers better understand mortgage lingo and thus make better informed home loan decisions. Loan Love explains: Maneuvering the maze of finances involved in the loan application process is tough enough without someone throwing a vocabulary quiz at you. Unfortunately, the terms tossed your way as you consider financing options for the home of your dreams can start to all sound alike. Worse yet, it is not unusual for the media, websites or even real estate professionals to confuse the issue further by using terms interchangeably, like conventional vs. conforming loans, that arent actually synonymous.
The guide goes on to define some of the often mixed up or misunderstood loan terms, such as:
What Is A Conforming Loan? LoanLove.coms New Guide Explains The Terminology is a post from: Best Home Mortgage