FAQs

Q. What is rateOasis.com?

A. rateOasis.com is a website that continuously searches and consolidates a variety of interest rates from banks and credit unions across the country.

Q. When did you start rateOasis.com and why?

A. We created rateOasis.com in January 2009 with the goal of putting the power of rate comparison shopping directly in the hands of the consumer and to help local borrowers easily reach local lenders.

Q. Why is rateOasis.com better than the competition?

A. Our service is free, timely, anonymous, and as we offer a broader scope of lenders in the areas we cover.

Q. How many states and institutions are already listed on your website?

A. The number continuously grows, with national coverage expected by the end of the year. We launched in Wisconsin in July, 2011, with many more states to come online as quickly as possible.

Q. How do banks and credit unions get their information listed and updated daily on rateOasis.com?

A. Our system scans bank and credit union websites throughout the day to search for the advertised 30 and 15 year mortgage interest rates. Lenders also have the capability to upload additional products such as certificate of deposit rates and IRAs.

Q. How are consumers finding out about rateOasis.com?

A. They may learn about our site from advertising, real estate brokers or agents; banks or credit unions; insurance agents, builders, traditional news and social media channels, and good old-fashion word of mouth.

Q. What is the free widget?

A. Our free widget displays the daily averages for the 30 and 15 year Fixed Rate mortgages compiled through our engine. It is perfect to add to the websites of banks and credit unions, real estate and insurance companies and agents. It’s also a benefit that news media can provide as a service to visitors of their websites.
The widget is a great way to create repeat traffic to a company’s website to easily find out the daily mortgage averages.

Q. Are real estate companies excited about getting your rate comparisons to help their customers?

A. Yes, they really like our information because it gets their potential buyers excited and involved in finding a low interest loan to buy their new home. It empowers the buyer to select the best loan possible which is exactly why I created the site.

Q. What are some of your goals for rateOasis.com in the coming year?

A. There are several:

• We want to continue to expand our capabilities to help more consumers find great loan rates;

• Build awareness about the rateOasis.com brand to businesses and consumer across the country;

• Provide new products for lending institutions, real estate and insurance companies;

• And, continuously add free educational “how to’s” and tips to help consumers fix their credit scores, understand how credit works, and provide step-by-step instructions for first-time buyers, ect.