We review 15+ internet startups per working day. Vote for the one you think will be a killer.

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    FreeRateSearch.com - Mortgage Rates

    freeratesearch

    FreeRateSearch.com is the first online mortgage search engine that allows home shoppers to instantly compare mortgage rates from multiple lenders and find the best rates available for their specific loan request. Using search technology previously only employed by mortgage professionals, FreeRateSearch.com allows consumers to find the best rate for their next mortgage. It's like seeing the dealer invoice for your next mortgage. FreeRateSearch.com monitors rates for both conforming (prime credit) and non-prime loan programs from numerous lenders, and searches thousands of program variables to provide custom quotes for consumers to compare. Rates are updated daily.

    In their own words

    "Our model is completely different than current online mortgage shopping sites that baits consumers to turn over their personal information to be sold to multiple lenders just to learn what rates are available. Even then, they don't know whether the rate they are quoted by the loan officer is the best available rate. Since we search lender rate sheets, shoppers can be assured they are seeing what a broker would see. At FreeRateSearch.com, we don't believe consumers really want to talk to five lenders. They just want to find the best rates, and now they can do that in moments."

    Why it might be a killer

    Consumers are used to shopping online for other financial services. It's time mortgage shopping caught up with the rest of the online world.

    Some questions

    Is it rentable to bring this service through the internet? How many customers do they have?

    Posted 26 Months 9 Days ago by ratesearcher | Source:

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11/29/2009
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