Independent mortgage brokerage Mortgage Alliance is introducing a new product and process designed to demystify the mortgage pricing for consumers.
Mortgage Alliance says it spoke with hundreds of consumers to develop its Right Mortgage product, and discovered varying concerns expressed by people about how the mortgage products and process was presented to them.
“We can now meet with our clients and together we can build the Right Mortgage for them, based on what they want and they can see exactly how it works,” stated Michael Beckette, president & CEO. Mortgage Alliance. “This new process allows our clients to select items and components that they would like to include in their mortgage and they instantaneously see how it affects the overall term, rate and payment of their mortgage.”
The new mortage allow consumers to choose things like:
- rate hold period;
- pre-payment privileges;
- payment frequency options;
- amortization period; and
- skip payment options.