Released: January 24, 2010

A new take on mortgage refinancing

Source: Bob Tedeschi, New York Times (Free Registration)

Searching for home mortgage rates online often means submitting information to a Web site, then withstanding a flurry of calls and e-mail messages from brokers and lenders trying to sell a loan.

Refinance.com, which made its debut this month, aims to simplify the process for those looking to refinance their mortgages, by connecting a borrower with just one lender. In seeking would-be borrowers, it maintains that they would most likely receive a lower interest rate.

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