Gone are the days of tearing off a sheet from a yellow pad with a rate, payment, and closing costs scribbled on it with my poor handwriting. Now I use the Total Cost Analysis every time I present loan options to my clients.
The Total Cost Analysis has really come in handy this year. As you know the lenders have priced lower rates more advantageously than rates with rebates. The Total Cost Analysis gives the clients a clear visual as to why paying some points is usually more advantageous these days.
Besides the software, they have a chat room, user forums, and what I like best, weekly coaching calls at 9 on Tuesday. I usually pick up an idea or two from these conference calls.
I give Mortgage Coach my two thumbs up. For those of you who are subscribers also, what do you think?
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Mortgage Coach was state of the art when it was introduced about 10 years ago. Mortgage Lens is the next generation of mortgage presentation software. Do check it out and let me knwo what you think.
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