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Take advantage of lower interest rates
Your loan officer will work with you over time to ensure your interest rate is competitive.
No refinance required. That means you don’t have to worry whether you’ve locked
yourself into a rate that might improve if you just hold out. In fact, you can request
a rate reset every 120 days.
Eliminate hassle and cost
The paperwork. The fees. The negotiation. Refinancing is like starting over. With
a Harmony Loan, when interest rates drop, yours will, too. All you need is a phone
and a solid payment history. No closing costs, no additional fees.
Avoid credit risk
When you refinance a traditional loan, the rate is based on your current credit
score. Any changes – such as a job loss, salary decline or significant purchase
– can impact your ability to lower your rate. As long as you pay on time, you can
lower your rate instantly.
Where is Harmony Loan™ available?
The Harmony Loan is now available in the following states: Virginia and Maryland.
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Why do we need Mortgage Harmony in order to offer this product?
New products demand time, human resources, and capital. Our platform affects loan
officer compensation, servicing and accounting. Rather than expending time, human
resources, and significant capital which typically takes 18 months to 24 months
to launch a new product, Mortgage Harmony delivers a “one stop” shop which handles
all components necessary to rollout the Harmony Loan/MARS platform. In addition
to the analytics and the patented loan officer compensation methodology, Mortgage
Harmony delivers the Harmony Loan/MARS platform with sales materials, legal documents,
loan officer training and support, and loan servicing. This end-to-end solution
can be implemented in a matter of weeks.
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What is the consumer demand for the Harmony Loan in a downward trending interest
rate environment?
The introduction of a consumer-initiated interest rate-resetting mortgage in a downward
trending interest rate environment will provide your sales force with a much-needed
consumer-focused product. The companies that adopt the new Mortgage Harmony platform
will demonstrate leadership by initiating positive change for their customers and
the mortgage finance industry.
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