Pasadena, CA (openPR) 12 December 2007

In the current difficult credit with lenders and deceptive cunning tactics punctured, it is high time for a revolutionary tool that borrowers can also help lenders benefit. NameYourLoan.com respond to the need with the introduction of an online auction website developed new mortgage, consumers with access to a network of more mortgage lenders to finally have a big mortgage online.

“For centuries, auctions have the most effective way to get the best price for all” was, Al Salahi, President and CEO of NameYourLoan.com. “Why not have auctions for all types of mortgages?

NameYourLoan.com is an online community where borrowers can easily connect with the best mortgage lenders. Lenders compete in an online auction for the business of the borrower to win. How many lenders to submit loan deals to see the website of the consumer, “apples to apples” allows to compare mortgage rates and get the lowest mortgage rates online, such as loan rate Best home equity loan refinancing or home.

house watches System Website created and calculated all the information that lenders provided (interest, points, fees, terms series, etc.) and then loan offers based on their value in real terms compared with the borrower declared preferences (lowest rate lowest fees or best combination of tariffs and fees). This simplified process gives borrowers a coherent presentation of information without having to do the calculations themselves.

Unlike other commercial mortgage services online comparison, only lenders that get to the top of the auction with low interest rates and fees, a chance of business of the borrower. In addition, the borrower to invite their friend or relative lender borrowers participate in the auction of the fast and free. Lenders, who are refusing to participate, the most likely of high prices and not the best lender.

“With the advanced technology that we make to explain haggling and deceptive lending tactics to start a thing of the past,” Salahi. In parallel, we are usually the conversion of an exhausting and complicated process into a pleasant and easy experience for borrowers. Our multiple auction format, coupled with constant consumer feedback, it is for us to eliminate dishonest lenders easy – and We hope bankrupt! “

NameYourLoan.com use is completely free for the borrower. Borrowers are not required to accept online mortgage offered at auction. To protect against identity theft and fraud, Site users are never asked about sensitive information, and lenders who receive complaints from several customers in future be banned from the auctions.

For more information, visit NameYourLoan.com.


About

NameYourLoan.com:

NameYourLoan.com is the first online mortgage auction, designed to ease the lending process by honest and competitive lenders grow their business ahead, and at the same time, allow borrowers to instantaneously reach multiple lenders and offers to get competitive credit online in an auction format. NameYourLoan.com uses a patent-pending concept by sophisticated proprietary software that was developed by a number of technology heavyweights from the Fortune 500 arena powered.


P

###

clear = “all”
Most Lenders