Site Review: Loan.com

Although it will be a few more years before we're ready to buy a house of our own, I've already started educating myself about Mortgage Loans. This seems like a smart move, seeing as how I have not the first clue about them. I'm pleased to see that Loan.com is an educational site (currently in beta) that doesn't aim to rope you into filling out any applications. Instead it simply provides education via its Get the Truth center. It has several calculators to help you understand how much you're eligible to borrow, how much your interest and payment rates should be, and why. It also has a loan analyzer to help you review your current loan to see if you're getting the best deal. Best yet is its Borrowers' Bill of Rights that exists to help you ensure that you find an ethical lender, something that's hard to be certain of in this age of online applications and instant approvals. Beware the animated loan officer who guides you through the site, though. She's a bit unsettling.