By providing intermediaries with the ability to compare the continuation of short term loans and mortgage payments against the potential monthly savings by consolidating all loans, Mortgage Brain’s Debt Consolidator Calculator has been designed to enable intermediaries to give more accurate and assured product recommendations during the mortgage advice and sales process.
Designed with ease of use in mind, the Debt Consolidator Calculator will pre-populate data already inputted and automatically calculate all payment options for consolidated loans, including total debts, monthly payments, interest paid and amount outstanding.
Additionally, at the touch of a button, the enhanced module can produce graphs and comparison documents to simply illustrate and compare a customer’s current repayments against that of a consolidated loan.
Mark Lofthouse, CEO of Mortgage Brain, commented, “Sourcing systems play a pivotal role in the mortgage advice and sales process and we believe that intermediaries will benefit hugely from the wealth of new features and the greater flexibility that Mortgage Brain 6.70 provides. The Debt Consolidator Calculator will help brokers to give more informed advice to their customers.”
