Finance Articles

Mortgage Lender Web Sites Compared for Ease of Use and Informativeness

New York, NY (PRWEB) September 11, 2008 -- With the credit crisis making it harder to get a good rate on a mortgage, conducting an epic online search is now a basic requirement for anyone seeking a loan. But which lender web sites are the most helpful? According to a new report released today by researchers at Change Sciences Group, most online rate quote processes are hindered by poor usability and readability, making them much harder to understand than they need to be.

To jump to an overview of the report visit:

http://www.ChangeSciences.com/Reports/Mortgage-Sites.

Using advanced software models that simulate how prospects interact with sites, the research looks at what people experienced online over the last month as they attempted to research mortgage rates and terms and apply online on 18 leading lender sites. Data highlights include the following.

- The most informative and easy to read rate quote is more than five times better than the poorest and more than three times better than average.

- The longest online application is about two times longer than the shortest.

- Most mortgage sites have at least once instance of a show stopping navigation problem, readability problem, or layout problem.

"More often than not, consumers are faced with rate quotes that are harder to understand than they need to be. Long and tedious online applications are too often the norm," said Steve Ellis, a Change Sciences partner, and one of the authors of the report. "Lenders that improve ease of use will not just increase the number of new applications. They will improve the quality of new applications, since an informed prospect is a better prospect."

The top three sites overall are Wachovia, ditech, and E-LOAN.

Other sites evaluated in the research include: Bank of America, BB&T, Capital One, Chase, CitiMortgage, ERA Mortgage, GMAC Mortgage, HSBC, National City Mortgage, PNC, Quicken Loans, Regions, SunTrust Mortgage, US Bank, and Wells Fargo.

For a complete overview of the report, including a full list of site rankings, more data highlights, and sample data visit:

http://www.ChangeSciences.com/Reports/Mortgage-Sites.

About Change Sciences Group

Change Sciences was founded in January 2000 to help companies optimize online business by basing decisions on how people use technology while they live, work, and play.

Contact:

Rhonda Mills

Change Sciences Group, Inc.

888-864-1160 x731

www.ChangeSciences.com

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

100% Single Loan Financing with No Mortgage Insurance, Now Available to Real Estate Investors
100 percent single-loan financing with no mortgage insurance is now available to real estate investors.

Nominees Announced for Real Estate Finance & Investment's 3rd Annual EPIC Awards
Real Estate Finance & Investment - the Institutional Investor newsletter that provides weekly coverage of the U.S. commercial real estate property markets and capital markets - announced the nominees in its 3rd Annual EPIC Awards. The EPIC awards recognize the firms, deals and professionals that stood out in the real estate market for their innovation, creativity and Excellence in Property, Investment and Commercial mortgage-backed securities.

Real Estate Finance Firm RRMS Capital Announces the Hiring of Lori Schupbach as Finance Manager
RRMS Capital, the financing division of PTE Real Estate Group, announced today the recent hiring of Lori Schupbach, who will fill the position of Finance Manager.

Real Estate Financing - What You Should Know About Home Mortgages
As the nation's real estate market continues to grow and new technology gains more ground, many widely accepted beliefs that were true just a few years ago may not be true today. Before you go after a home mortgage or home loan or any real estate financing, if you have a lot of bad credit because of consumer debt such as credit card or personal loans, try to eliminate or reduce this debt as soon as possible because it'll affect your ability to qualify for a home mortgage and the estimated monthly payment.

Real Estate Financing - Home Mortgages - Time Tested Tips
You don't want to jump into anything blindly or sign a real estate contract or home mortgage loan contract or any type of contract without giving it some serious thought. Watch out for anything that appears to be vague. You want to keep in mind when financing real estate that lenders will be able to tell you only what you might be able to afford based on your current not future salary and level of debt including your credit card debt. First of all you'll need to find a lender for your real estate financing and potential residential, home or other type of investment.

100% Single Loan Financing with No Mortgage Insurance Is Now Available for Real Estate Investors
100 percent single-loan financing with no mortgage insurance is now available to real estate investors.

Personal Loan For Consolidating Debt - Using An Unsecured Personal Loan To Improve Your Finances
With poor credit, you can reduce your loan costs and monthly payments by consolidating debt with an unsecured personal loan. Even without collateral in the form of property or assets, you can find lower rate loans. The key is to look online for special offers that fit with your financial plan.

Finance North America Offers Canadian and US Citizens Construction Financing for Mexico Real Estate
Finance North America announced today its latest offering of construction financing for Canadians and US citizens who wish to purchase property in Mexico. Construction financing, also known as "Pre-Sale", from Finance North America will allow Canadian and American citizens to finance the construction of a house or condominium in select developments throughout Mexico.

Real Estate Financing - What You Should Know Before Getting A Home Mortgage
If you have a lot of bad credit because of consumer debt like credit cards or personal loans, you'll want to try to eliminate or reduce this debt before you apply for any real estate financing, since it will affect your ability to qualify for a home mortgage and to make the estimated monthly payment. When you're buying a home, getting a home loan and the best mortgage rate is the most important step in the whole process; you'll need to understand the basics about real estate, loans, mortgages, current mortgage rates, and points to get your real estate financing in place.

Asset Based Financing, Alternative Ways of Financing, Large Commercial Real Estate Projects
Traditional financing provides much needed funding to advance major commercial or other tangible projects, and it is particularly beneficial to companies that plan months in advance. But what happens when funding is required immediately or clients have minimal experience? Asset-based financing can help clients avoid the complexities involved with traditional financing methods.

Finance Your Real Estate Investment Properties
Unlike traditional residential real estate mortgages, real estate investment financing is way more creative and offers more options than you think. The golden rule in real estate investment is OPM (Other People's Money).

Personal Finance - Three Quick & Simple Ways To Improve Your Personal Finances
Many Americans and people in countries where ready credit is available find themselves in greater debt then ever before and this makes you wonder whether you are working for yourself or for your creditors. This ends up being a problem of financial spending & control and if you take a short moment to reconsider your own financial health, you might be able to correct your financial situation today.

Real Estate Investment Success Series Tip #2- Three Keys To Successful Investment Real Estate Financing
This article is part of the Real Estate Investment Success Series and continues from http://www.realestateinvestment101.info/Making_Money_with_Real_Estate.html

100% Single Loan Financing for Real Estate Investors with no Mortgage Insurance, Now Available
100 percent single-loan financing with no mortgage insurance is now available to real estate investors.