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Credit Sesame Launches Mortgage Comparison Tool

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Yesterday, California-based Credit Sesame launched a mortgage comparison tool to help consumers identify their best loan options.

How it works:

  1. The user provides information about their current mortgage, property, and income.

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  2. The tool shows the user options for different loan types at various interest rates.

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  3. The user is provided the option to contact lenders for different refinancing options.

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The tool takes into account:

    • Mortgage type
    • Rate
    • APR
    • Closing costs
    • Points
    • Fees
    • Amortization schedules 

To learn more about Credit Sesame, watch its FinovateFall 2011 demo.