Pureloan Provides Enterprise-Grade Advanced Mortgage Search Functionality at No Cost to Millions of Home Buyers
PALO ALTO, Calif., Nov. 10, 2020 — Pureloan.com is the
first website to offer professional loan officer-level mortgage search
functionality for both home loans and home refinancing to all interested shoppers. Other
websites simply allow searches using basic fields like location, LTV, and
credit score, but Pureloan.com performs searches on the exact fields being used
by loan underwriters, thus creating a mortgage quote that is entirely accurate.
As an example, Pureloan.com allows consumers to search mortgages
by Occupancy Type such as Single-Family Home, Duplex, or Condominium. To
purchase a $1M home in San Jose, CA, with a down-payment of $250k, buyers of a
single-family home can find a mortgage of 2.875% interest rate with a closing
cost of $53; however, buyers of a condominium have to pay a mortgage rate of
3.00% with a closing cost of $435.
Additionally, Pureloan.com also supports other search parameters
including Lock Period (e.g. 30 Day, 45 Day, 60 Day), Property Type (Primary
Residence, Second Home and Investment Property), Government Program (FHA, VA,
USDA), and many more.
Using Pureloan’s full advanced search functionality, the quoted
mortgage rate is an exact match to the final pricing the consumer can expect
from the mortgage lender. As a comparison, using only basic parameters will
result in a quote that can be 0.385% higher in APR or $30,696 higher in total
cash payments for a $750,000 30-year fixed mortgage.
Try searching for a mortgage in New York
City or refinancing in
Chicago today.
Pureloan.com is founded by graduates of Stanford University. The
company is headquartered in Palo Alto, California in the heart of Silicon
Valley.
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