Yesterday, California-based Credit Sesame launched a mortgage comparison tool to help consumers identify their best loan options.
How it works:
- The user provides information about their current mortgage, property, and income.
- The tool shows the user options for different loan types at various interest rates.
- The user is provided the option to contact lenders for different refinancing options.
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.