(PRWEB) May 31, 2005
ItÂs a hot market for housing and the loans that go with them. While they donÂt realize it, most people who get a home loan are throwing away hundreds and even thousands of dollars. A recent study by the National Mortgage Complaint Center showed that 83% of home loans have hidden fees that average over $1,200.
A home loan is one of the largest financial transactions in your life. The new Mortgage SOS, or Second Opinion Service, from Money Metrics is designed to help borrowers save hundreds and even thousands of dollars on their purchase or refinance loans. Let's say you are about to purchase or refinance a home and you have a feeling about the mortgage that something is just not quite right. Maybe you feel a little uneasy and unsure, maybe a little confused about the whole process.
How do you know if this is the right type of loan for your needs? Are you paying too much? How does Yield Spread Premium affect your loan and your monthly payment? How do you find hidden fees?
The new Mortgage SOS, Second Opinion Service, from Money Metrics is designed to help borrowers save hundreds if not thousands of dollars on their purchase or refinance loans. If your loan offer makes you nervous, or if you don't know what "par" is, or "yield spread premium", or what a junk fee would look like, then the Mortgage SOS is for you.
Mortgage SOS is a complete and impartial analysis of your loan offers to help make sure you get the right loan for your financial situation at the lowest possible cost. Money Metrics professionals review and analyze your loan offers to find hidden fees, junk fees, and inflated interest rates. The findings and recommendations report includes an analysis of your Total Cost of Ownership for purchase loans and Equity Repositioning Benefits for refinances. You use the findings and recommendations report to go back to your lender and get the best loan possible.
ItÂs easy to get started. Money Metrics does a short interview to determine needs, goals and issues. Then they review the Good Faith Estimate and Truth in Lending Disclosure statement from your loan offers. Once they have that, your report is ready for you within 24 hours.
A unique aspect of this service is the 100% guarantee. Clients are billed after they get the findings and recommendations report, and only pay if they feel they received the value they expected. The Mortgage SOS starts at only $150.
"If I was told I had a major medical condition I would certainly get a second opinion. For such a major financial transaction as a mortgage, this is cheap insurance," said Bob Pessemier, President of Money Metrics. He added that Realtors, Financial Planners, and CPA's feel much better when their clients have had this kind of review. "There are so many ways that people can lose money because they donÂt know what to look for. We work with a lot of Financial Professionals who really appreciate what we are trying to do. We help people hang on to more of their money."
More information is available at the Money Metrics website http://www.Money-Metrics.com or contact Bob Pessemier at 425-373-4045.
# # #