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Follow on Google News | Bills.com Launches Web’s Most Robust Mortgage Calculator - Help Homeowners find Low Interest RatesOne-of-a-kind calculator provides simple, personalized refinance recommendations based on deep, real-time analysis of rates and costs with over 30 customization factors
By: Michael Azzano This simple and intuitive calculator is so easy to use that it does not require homeowners to have any knowledge of current mortgage loan rates or costs. It combines the functionality of many traditional calculators into one tool that delivers a customized, easy-to-understand recommendation and analysis alongside detailed savings graphs and charts. “We have built the industry’s most powerful calculator but with an intuitive, transparent, and no-pressure interface,” said Ethan Ewing, president of Bills.com. “This is the absolute best way for homeowners to quickly and effectively evaluate the potential merits of a home refinance.” A frequent recommendation of the calculator for early users has been to consider an Adjustable Rate Mortgage (ARM). Given the unique interest rate environment, record low rates make an ARM a compelling option for many homeowners with a short-term loan horizon that are interested in lower monthly payments. How it Works Leveraging real-time feeds and technology from its acquisition of Home-Account, the new Bills.com Mortgage Calculator provides consumers with an easy, transparent, and information- This recommendation is accompanied by a detailed graphical analysis of the new loan versus the existing loan. Homeowners can also adjust their priorities within the recommendation to compare different scenarios. For those who wish to review lender offers, Bills.com can then help screen potential lenders based on the stated priorities to return customized offers. New Mortgage Tools The new Bills.com Mortgage Calculator is the first in a series of new mortgage tools that will be introduced over the coming months. All will be industry-leading tools designed to give consumers simple, actionable advice based on real-time rates and expert insight. This first calculator was introduced early to help homeowners who might be considering taking advantage of record low interest rates. “This is a once-in-a-lifetime mortgage rate environment and it’s important that homeowners have access to a very simple, no pressure way to determine if a refinance will even save them money in the long run,” continued Mr. Ewing. To learn more about home refinancing, to find the new Bills.com Mortgage Calculator or to ask a question of a Bills.com expert, visit Bills.com and its interactive set of financial tools at http://www.bills.com. # # # About Bills.com Bills.com is the leading resource for free and personalized money help. Founded by a group of financial experts intent on helping consumers save time, money and stress, Bills.com is designed to give consumers confidence in making money decisions. The site offers useful information, powerful tools, and real money experts to give consumers the information they need in the way they want it. End
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