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(PRWEB) December 12, 2012
The company has streamlined the process, where consumers simply have to enter the zip code of where they would like to access a mortgage. Once they have input the postal code information, a selection of mortgage quotes from various lenders appears, providing the customer with the time, information and flexibility to secure an optimal mortgage rate.
The tool is useful in not only looking for online mortgage options, but facilitates offline rate shopping as well. The site enables a potential customer to see whether they qualify based on the lending institution's standards, to determine what type of mortgage plan suits their financial prowess as well as decide whether they believe paying more in terms of a down payment with a resulting lower interest rate or paying less money initially resulting in a higher interest rate best serves their financial needs.
Consumers, moreover, use the site to find rates and negotiate offline with mortgage brokers to secure the best lending terms. The site facilitate navigating the sometimes complex process of securing a mortgage, equipping a prospective borrower with the tools and information they need in this important financial transaction.
The site empowers the prospective customer to penetrate deeply into the prices appropriate for a specific property transaction. Borrowers save money by not paying excessive overcharges incurred from lending broker fees.
Customers gain leverage in the process with more knowledge of the market, available transaction features and rates, enabling them to negotiate with a medley of potential mortgage issuers. Ultimately, they are prepared to deal with a prospective lender on common ground, having identified the price of the mortgage they seek.
The site is equally effective for those borrowers seeking refinancing options for an existing mortgage. Again, a customer accesses available mortgage rates on a respective property by simply entering the desired zip code.
From there, a selection of lenders appear with the current market rates they offer. The interest rates quoted are ideal for completing an online transaction or for shopping offline for refinancing options.
Potential borrowers are prepared to negotiate with lenders on an equal plain. Customers are protected from locking in rates at higher prices by having the most current market data at their side. Moreover, consumers avoid being treated unscrupulously by some mortgage brokers who place their commissions over what best serves the borrower.