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It’s been said many times and many ways, the United States is in the middle of mortgage crisis and looking day in and day out for a way out of the mess. Today, a small mortgage specialist firm has a solution to offer both prime and subprime borrowers some advice and a few different solutions to retain their homes.
The company, Bigbluemortgage.com (http://www.bigbluemortgage.com ) which is a unit of Big Blue Turtle Holdings, has recently developed an interesting concept – tell the borrowers the truth. Unlike other firms, they are not a broker or a lender, even though they have numerous lending resources they will provide the borrowers free of charge. They don’t get paid a fee from any borrower and they don’t charge any origination fee or points.
The way it works is pretty simple, when the borrower arrives at the website they can both call an account representative directly and ask questions that will develop into a scenario build, or they can submit their scenario via the website’s quick form and see what direct lenders can try and help them.
One the benefits to using Bigbluemortgage.com is that the borrowers information is secure, they will never ask for the social security number and will never run a credit check, even though the lenders may eventually run the credit. When asked about how the concept will fair based on recent market conditions, CEO Matt Schilling said “We don’t see decline in our product any time soon, no matter what happens to the market, we’re staying right here”, he later added “we are able to provide an honest answer to any borrower that wishes to use our services”.
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http://www.prlog.org/
