New tools make it easier for investors to explore non-prime mortgage options
The Mortgage Calculator, a correspondent lender specializing in non-QM and investment loans, has launched a new tool that allows investors to calculate and price loan scenarios.
The company’s new DSCR loan calculator enables borrowers to explore financing options and price their own loans out with real rates in real time.
“Not only can borrowers calculate and price mortgage loans on their site, but our executive team also goes live every weekday to present live rates for DSCR loans and other programs,” the company said in its Press release. “The Mortgage Calculator is bringing transparency to mortgage rates and empowering borrowers and investors with the knowledge to make more informed decisions on real estate investing.”
In addition to that, the lender has rolled out calculators for commercial mortgages, fix-and-flip, and other types of non-prime loans.
Last month, The Mortgage Calculator increased its loan officer compensation by up to 250bps as part of its strategy to attract more talent. The non-QM lender employs over 350 originators across Arizona, California, Georgia, Illinois, New Jersey, and Virginia.
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