Why be sold off as a "lead" to, well...who knows who?

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.

Anonymous Mortgage Quote

Have you ever tried to get an anonymous mortgage quote online? Yeah, I know, it's a joke. You'll either get bogus information or go through several screens only to have to give your name, e-mail and phone number so four (or more) lenders can hassle you for the next two weeks.

If your a homeowner with some debt try this site: www.LionSaves.com

It shows you instantly how much you can save by consolidating debt into a refi. It does a complete analysis (including title fees, escrow and FHA loans) while you remain anonymous. It gives you a good faith estimate, all loan options and you can play with what-if scenarios without giving your name or e-mail.

Hop on now and get your analysis; it only takes a few minutes.

LionSaves.com Offers Hassle-Free Mortgage, Debt Consolidation Guidance

Homeowners seeking mortgage guidance can trigger aggressive sales calls by revealing personal info too soon. Now a new website offers free, custom mortgage/debt consolidation analysis without requiring identifying info.

Mortgage lender LionSaves.com is offering loan information without requiring any personal information for people seeking answers to their loan questions.

The trouble is that some well-known mortgage-related websites and businesses aren't actual lenders but rather sales lead generators. They collect the homeowner's name, number and e-mail then sell it off to multiple lenders or websites, which typically pay a $20,000 financing fee and $400 per transaction based on homeowner sales leads. This, of course, leads to pushy sales calls, email spam, junk mail and higher rates, none of which has the homeowner's situation or best interest in mind.

"I got repeated, unwelcome calls at work from someone saying I'd inquired about mortgage refinancing," says Tim Brown, a homeowner in Centennial, Colorado. "I may have inquired years ago, but it wasn't with this outfit and I wouldn't have left my work number with them."

igh-pressure "bait and switch" style sales tactics, such as promoting a 1% interest rate or a really low payment -- which quickly increase after getting the loan -- can lead homeowners into deeper trouble, and has contributed to the current mess that the mortgage industry finds itself in.

"We'd financed our home with an adjustable rate mortgage and were scared to death of the upcoming payments," says Brown. "We weren't sure if we should sell our home in this down market or if we could reduce our payments and afford to stay by refinancing. We needed help with the decision, not false promises or generic rules of thumb

Homeowners needing expert mortgage/debt consolidation guidance without compromising their privacy or finances are finding it in a new breed of website such as mortgage company LionSaves which offers free, custom mortgage/debt consolidation analysis without requiring any identifying information.

The website, for instance, provides personalized answers with no contact info or e-mail required, using a random log-in ID and encryption to assure privacy. It shows homeowners how much they can save or if they're better off doing nothing. It performs hundreds of calculations to produce accurate results, including a complete analysis of interest rates and closing costs so the homeowner can make an informed decision. If there isn't enough equity to payoff all consumer debt, it prioritizes payoff to maximize monthly savings. The end result gives homeowners answers in seconds that would normally take a loan officer hours to calculate.

When Tim Brown turned to the website for mortgage/debt consolidation guidance he says, "It gave me the data I needed when I needed it. I'm controlling my finances and personal info, not someone else."

LionSaves is a HUD approved lender using FHA, Fannie Mae and 2^nd mortgage refinances to consolidate debt. It's designed for employed homeowners with at least average credit and some equity in their home. It currently provides loans in Colorado, Utah, Idaho, Wyoming, New Mexico, North Dakota, and South Dakota, and will soon do so nationwide.

For more info, visit http://www.lionsaves.com/ on the Internet; call 800-828-0899; write: 6901 S. Yosemite St. #108, Centennial, CO 80112; or email Info@lionsaves.com

###

Del Williams is a technical writer based in Torrance, California.

Homeowners Save Big with Debt Consolidation

Site Empowers Users with Unique Savings Tool

Over two million adjustable rate mortgages will be adjusting upward in coming months. This increase in payments, combined with consumer debt at an all time high of $2.39 trillion, will put additional financial pressure on many homeowners.

Debt Consolidation is one answer for homeowners who have some debt and some equity in their home. It's done by refinancing the first or second mortgage and paying off consumer debt.

Debt Consolidation provides multiple benefits for homeowners in this situation. It can lower overall monthly payments. It can lower the overall interest rate, called the "blended rate". It can also provide additional tax benefits since interest on consumer debt is not tax deductible but mortgage interest usually is. It can help achieve financial goals by freeing up money that can be saved or invested. Finally, debt consolidation can simplify finances by combining numerous monthly payments into one payment.

However, most homeowners don't realize their debt consolidation possibilities. LionSaves.com is an online resource that provides personalized answers with no contact information or e-mail registering required. All of this with no pressure, no hassle and no catches. It's specifically designed as a debt consolidation tool that gives real numbers, not misleading or "teaser" rates. It shows the user how much they can save and others they're better off to do nothing.

LionSaves.com performs hundreds of calculations to produce accurate results. It assesses the loan options available based on such variables as the state, county taxes, house value, equity in home, and the amount of consumer debt. If there isn't enough equity to payoff all consumer debt, it analyzes the debt and ranks the payoff order to maximize the monthly savings. The end result is an application allowing users to get answers in seconds that would normally take a loan officer hours to calculate. Then, it shows if savings are possible and gives the user a complete analysis of the interest rate and closing costs to make an informed decision.

Introducing a modern business model to an age-old industry is no small task. The site has taken over a year to build for the version 1.0 release. It's currently available in SD, ND, CO, UT, ID, NM and WY and will soon be nationwide. LionSaves is a HUD approved lender and uses FHA, Fannie Mae and 2nd mortgage refinances to consolidate debt. It's designed for homeowners with debts who have at least average credit, some equity in their home and are employed. First mortgages go up to $417,000 and the second mortgages to $150,000. It's not for rental properties, poor credit or foreclosures.

Homeowners can play with multiple scenarios and feel secure knowing their contact information is given only if they decide to apply for a loan. Combining consumer debt into a new mortgage doesn't save everyone money. It depends on each situation. Homeowners can find out instantly if they can save. If so, LionSaves is an actual mortgage lender that offers all loans shown.

New Site Launches Free Debt Consolidation Tool for Homeowners

Small Patent Pending Startup Changing Mortgage Industry

FOR IMMEDIATE RELEASE

September 27, 2007

contact: Mike Sweeney
e-mail: sweeney@LionSaves.com
cell: 303-929-8002

Centennial, CO - Amidst the mortgage industry meltdown, internet startup LionSaves.com announces its launch in seven states. With an industry changing business model, it promises to shake the foundation of large mortgage websites. Founded by Mike Sweeney, the site has been over a year in the making and is designed specifically for homeowners to consolidate debt.
"The recent mortgage mess is due in large part to the high pressure sales approach the industry takes with consumers. Pushy, and sometimes unscrupulous, commissioned salespeople misguide consumers into risky loans. Plus, large sites like LowerMyBills, LendingTree and NexTag aren't lenders, but rather lead generators. They collect the user's name, number and e-mail and sell it off to four lenders. Some lead generation sites actually sell collected info off to other sites. All of this leads to more pushy sales calls and spam," said Sweeney.
A common tactic is to advertise a hook to draw people to a site. Ads show a 1% interest rate or a really low payment, which quickly increase after the consumer gets the loan. "It's no different than a used car dealer advertising a SUV getting 50 miles to the gallon….downhill. It's not the whole truth and it's a big reason why so many homeowners are in trouble." Sweeney adds, "It's essentially bait and switch. I think consumers are fed up with it and with their info being sold off to, well…who knows who?"

The LionSaves model is based on consumers preferring personalized answers instantly without having to give any contact information or talk to a salesperson. "It's the first website of its kind. No pressure, no hassle. I think the average consumer is very intelligent and will appreciate this approach. It shows instantly if savings are possible by consolidating debt with a new mortgage.", he said.

After 12 years in the mortgage business, he realized many homeowners don't know how much they can save by consolidating their debt. However, most also dread having to talk to a salesperson. There was no website that gave personalized information instantly or didn’t require the user to give their contact information.

"So, I thought, why not have a site to let homeowners discover answers instantly yet remain anonymous. An online tool giving real numbers, not misleading or "teaser" rates. It would help some people learn they can save, and others they're better off to do nothing."

By taking out the sales pressure and focusing on empowerment through education, the site offers a new solution. It explains the different types of loans and both the pros and cons for the consumer. "I believe consumers can make good choices if they know enough about the good and the bad of their options.", he said.
More than two million adjustable rate mortgages (ARMs) are poised to reset at much higher rates in coming months. Combined with consumer debt at record highs, many homeowners will need to consolidate their debt to keep their overall payments down. "This site is a valuable resource since it empowers the user with personalized and accurate results, instantly. No catches.", he noted.

By offering users an unheard of resource, LionSaves is breaking new ground. The site performs hundreds of calculations to produce accurate results. It assesses the loan options available based on such variables as the state, county taxes, house value, equity in home, and the amount of consumer debt. If there isn't enough equity to payoff all consumer debt, it analyzes the debt and ranks the payoff order to maximize the monthly savings. The end result is an application allowing users to get answers in seconds that would normally take a loan officer hours to calculate. Then, it shows if savings are possible and gives the user a complete analysis of the interest rate and closing costs to make the an informed decision.
Introducing a modern business model to an age-old industry is no small task. The site has taken over a year to build for the version 1.0 release. It's currently available in SD, ND, CO, UT, ID, NM and WY and will soon be nationwide. LionSaves is a HUD approved lender and uses FHA, Fannie Mae and 2nd mortgage refinances to consolidate debt. It's designed for homeowners with debts who have at least average credit, some equity in their home and are employed. First mortgages go up to $417,000 and the second mortgages to $150,000. It's not for rental properties, poor credit or foreclosures.

Homeowners can play with multiple scenarios and feel secure knowing their contact information is given only if they decide to apply for a loan or sign up for the free e-mail alert based on triggers they set. Combining consumer debt into a new mortgage doesn't save everyone money. It depends on each situation. Consumers can find out instantly if they can save. If so, LionSaves is an actual mortgage lender that offers all loans shown.

Sweeney also envisioned the company making a difference in the world by helping people in need. So, along with the company's monthly donation, a $25 charitable donation is made on every file. Clients choose which pre-selected charity will receive the donation from their file. In an industry that's overly focused on the bottom line, LionSaves.com gives back and lets users decide how.