First-Time Homebuyer’s Guide: Part 5

Shop and compare with the Intuitive Loan Finder

So far in this first-time homebuyer’s journey, you’ve taken important steps that answered the ‘why’, ‘whether’ and ‘how’ questions: Why you want to own a home, whether you can own a home and how much it will cost to own a home. If all those boxes are checked, it’s time to move into the next phase, which will begin to answer the ‘what’ question: What mortgage fits your specific home-buying situation? Simply put, the numbers are key to the decision. Not just ballpark numbers, but the best estimates you can get.

Most lenders have mortgage calculators these days, but Guaranteed Rate’s Intuitive Loan Finder is something different: It’s the world’s most powerful, easy-to-use and transparent online tool that asks the same intelligent questions a loan officer would ask. Instead of giving you rough numbers like some lenders do, or worse, sending you directly into a conversion funnel where you’ll be pestered relentlessly by salespeople, the Intuitive Loan Finder helps you make the best, most informed decision about your mortgage options, all at your own pace and with no obligations. Below are five features that elevate it above other online products.

Finds your perfect mortgage in under a minute

When shopping and comparing loan products and rates, fast results mean more results. The Intuitive Loan Finder does more, quickly, giving you the most mortgage options to choose from without taking large chunks of time from your day. In fact, one full search takes only 60 seconds to complete.

Asks what type of property you want to buy

Single-family home? Condo? Multi-unit building? One loan does not fit all, and other lenders’ calculators don’t account for the possibility that you might be in the market for something other than a single-family home. The Intuitive Loan Finder does, and thus will give you more accurate results.

Asks how long you plan to own the property

If you’re only planning on living in your home for a certain length of time because of a job transfer or expanding family, an adjustable rate mortgage (ARM) might be the best option for you. The Intuitive Loan Finder is designed to find the perfect mortgage for your specific life situation, not the mortgage that “most people go with.” And if you need more help deciding which home loan is best for you, at the end of a search on the Intuitive Loan Finder you’ll be automatically referred to a loan officer for any questions you might have.

Asks if getting the lowest rate is most important to you

Other mortgage calculators only ask if you’re interested in a lower payment or a shorter term in a refi scenario, and don’t ask any such questions for purchases. The Intuitive Loan Finder asks both questions and also asks if you’re looking for the lowest rate.

Asks if you’re a first-time home buyer or a veteran

If you’re in either category or both, you could qualify for loan programs that aren’t available to other borrowers. Some products limit the shop and compare concept by treating VA loans and first-time buyers as afterthoughts, though each status is important when looking for the best rate and mortgage product.

In next week’s First-Time Homebuyer’s Guide…

Part 6: Determining your rate, payment and term

Your mortgage. Your way.

Get started on your Digital Mortgage!
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