For years now, well-known mortgage sites such as LendingTree, LowerMyBills and NexTag have operated by collecting a borrower's contact information and selling it off as a lead to four lenders who call with a quote. Known as lead generators, these sites all offer the same promise of having multiple lenders compete for your business.
However, the end result typically turns into a huge hassle of relentless sales calls, spam, and junk mail for the borrower. Some sites actually sell collected info to other sites, continuing the cycle of more pushy sales calls at dinner, work and elsewhere.
Plus, these sites don't look for the lenders with the lowest interest rate, just lenders who are willing to pay their expensive lead fees. These lead fees, ironically, prevent you from getting the lowest rate possible.
Here's an interesting television report on the hassle of it.
Enter the Next Generation Mortgage Site
If you don't want to fend off sales pitches by phone or e-mail, there's been no other option until now. LionSaves is a leading debt consolidation calculator that shows how much you can save while you remain anonymous. An anonymous refi quote lets you avoid the hassle of four lenders calling.
Sure, there are plenty of basic refinance calculators out there that let you enter whatever interest rate and loan amount you want even though they don't apply to your situation. But what good is a calculator that give you inaccurate and incomplete results? It's useless.
This debt consolidation loan calculator is the next level. It's like talking to a loan officer that's been programmed into the site. It's an idea whose time has come because it puts you in control by giving an accurate and complete analysis while letting you remain anonymous. That's the true power of the internet.
