Rate1st is Proud to Announce the Launch of New Lending Website

Denver, CO (PRLeap) July, 23 2008 — Rate1st, Americas premier online lending resource is proud to announce the launch of a new online consumer and business lending website, www.Rate1st.com. In addition to the features of the old site, the new site will provide information on a myriad of topics relating to everything from regular home mortgage loans and reverse mortgage loans, to larger commercial loans and beyond. Rate1st.com will also include directory listings of other resources and services that consumers can utilize to make the best-informed decision possible, mortgage calculators, background information, and more. The company believes that since a mortgage is a consumer's single largest debt, and equity is the single largest investment, that people deserve expert advice and personal attention when making decisions related to them.

A rarity in the industry, Rate1st works with five hundred different lending institutions to get bids on a client's mortgage, in order to find the bank or lender that will give the client the best deal, based on the client's unique situation. Other popular sites purport to do the same, but are actually merely lead providers for banks and lenders. Although they may work with several hundred lenders, as they claim, often most of the lenders will never see the customer's information, as it's sold to five or six, each of whom contacts the potential borrower.

Rate1st works differently though. For example, when a customer is looking for information on FHA home loans, and submits their information to Rate1st, that information is not sold. Rather, Rate1st provides a Mortgage Concierge, an employee of the company, who contacts the client directly, gathers information, and then works with lenders to find the best rate possible. The appeal of such a system to customers is that they only receive one call, they only have to give their personal information to one person, and their credit is only run once (unlike competitors, where each institution that receives the lead will run a credit check, leading to potentially five or more inquiries).

Now, along with the unique and genuine approach to online lending, Rate1st will provide an immense catalogue of information available to clients, and potential clients for no charge. Clients who aren't sure what the difference is between a fixed rate mortgage, and an adjustable rate mortgage will be able to clear any confusion before they even submit their information. The general idea is that when customers know what they're getting into ahead of time, they will be more comfortable with their decision, and with doing business with Rate1st. It makes for an excellent resource for those just curious about the specifics of home equity loans, and other topics, without devoting a great deal of time to pursuit of such knowledge.