Question 1

What is LoanWise?

Accepted Answer

LoanWise is a suite of professional mortgage and loan tools to help you compare quotes, estimate payments, check affordability, and plan your financing with confidence.

Question 2

Is LoanWise free to use?

Accepted Answer

Yes. Our calculators, comparison tools, and rate forecast are free to use. We may offer premium or paid features in the future.

Question 3

Do you sell my data?

Accepted Answer

We do not sell your personal information. See our Privacy Policy for how we collect, use, and protect your data.

Question 4

How do I compare mortgage quotes?

Accepted Answer

Go to Compare Quotes, enter the loan details from each Loan Estimate, and we'll line them up side-by-side so you can see rates, fees, and total costs over time.

Question 5

How is my monthly payment calculated?

Accepted Answer

We use standard amortization: principal and interest from the loan amount and rate, plus estimated taxes, insurance, and other costs if you enter them.

Question 6

What is the rate forecast based on?

Accepted Answer

The rate forecast uses economic and survey data (e.g., Fannie Mae, CBO, professional forecasters) to show possible rate paths. It is for planning only, not a guarantee.

Question 7

When does refinancing make sense?

Accepted Answer

Refinancing can make sense when you can get a lower rate, shorten the term, or switch from an ARM to a fixed rate.