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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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CUMA Closes First HarmonyLoan
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
CUMA Closes First HarmonyLoan
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
CUMA Closes First HarmonyLoan

January 11, 2011 (Jeff Alan)
credit_union_image
The Credit Union Mortgage Association (CUMA) announced that it has closed the first HarmonyLoan for a member of the Agriculture Federal Credit Union in conjunction with Mortgage Harmony Corporation. The HarmonyLoan allows homeowners an automatic rate-reset modification option, and no additional paperwork. The consumer manages their own loan and decides when they want to refinance. Just a “click” and the loan is reset.

The HarmonyLoan is a consumer-initiated interest rate-resetting mortgage that aligns the interests of the consumer and credit union by allowing homeowners to adjust their interest rates with the market without the expense and hassle of a traditional refinance or new mortgage. The consumer does not incur any costly refinance fees, no lender fees, no attorney fees, and they will continue to reduce their principal balance as schedule.

Mortgage Harmony formed a partnership with CUMA in September to make the HarmonyLoan available to the association’s credit union members based primarily in the Greater Washington, D.C. area. As a result of its partnership with Mortgage Harmony, CUMA was able to implement product development, origination and servicing requirements necessary to close its first HarmonyLoan in less than three months.

Harmony loans are now available as 5/1, 7/1, 10/1 adjustable rate mortgages and 15 year fixed rate mortgages and were created with the objective of minimizing the pre-payment turnover that causes loss to market share, service stream and customer loyalty.

Through access to a state-of-the art, 24/7 web interface, credit union members are able to monitor and reset their mortgage rate with literally one click.

“The Harmony loan removes the inefficiencies of the mortgage process that have made putting a new loan on the books so costly,” said Scott Toler, president and chief executive officer of CUMA. “We are excited to offer an innovative mortgage product that gives a new meaning to consumer-friendly. Through access to state-of-the-art, 24/7 Web interface, consumers are able to monitor and reset their mortgage rate with literally one click.

Mortgage Harmony’s mission is to design innovative mortgage products that bring greater continuity to all the parties in the process and minimize the lender’s timeline between product development and launch to homebuyers.

“After the last few years of turmoil, I welcome this new consumer-friendly mortgage option. The HarmonyLoan has tremendous potential to restore consumer confidence in the real estate industry,” said Terry Belt, a Realtor with Keller Williams Realty in Vienna, Va. and leader of one of the top 100 Realtor teams in the nation. “With the HarmonyLoan, home buyers are ensured a competitive interest rate. I believe the HarmonyLoan will transform the industry and change the way homebuyers perceive their mortgage.”

It’ll be interesting to see what the big banks think about that.

Tags: mortgage loan, automatic rate-reset, refinance fees, lender fees, attorney fees, customer loyalty, service stream, mortgage products, interest rates, harmonyloan

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

January 11, 2011 (Jeff Alan)
credit_union_image
The Credit Union Mortgage Association (CUMA) announced that it has closed the first HarmonyLoan for a member of the Agriculture Federal Credit Union in conjunction with Mortgage Harmony Corporation. The HarmonyLoan allows homeowners an automatic rate-reset modification option, and no additional paperwork. The consumer manages their own loan and decides when they want to refinance. Just a “click” and the loan is reset.

The HarmonyLoan is a consumer-initiated interest rate-resetting mortgage that aligns the interests of the consumer and credit union by allowing homeowners to adjust their interest rates with the market without the expense and hassle of a traditional refinance or new mortgage. The consumer does not incur any costly refinance fees, no lender fees, no attorney fees, and they will continue to reduce their principal balance as schedule.

Mortgage Harmony formed a partnership with CUMA in September to make the HarmonyLoan available to the association’s credit union members based primarily in the Greater Washington, D.C. area. As a result of its partnership with Mortgage Harmony, CUMA was able to implement product development, origination and servicing requirements necessary to close its first HarmonyLoan in less than three months.

Harmony loans are now available as 5/1, 7/1, 10/1 adjustable rate mortgages and 15 year fixed rate mortgages and were created with the objective of minimizing the pre-payment turnover that causes loss to market share, service stream and customer loyalty.

Through access to a state-of-the art, 24/7 web interface, credit union members are able to monitor and reset their mortgage rate with literally one click.

“The Harmony loan removes the inefficiencies of the mortgage process that have made putting a new loan on the books so costly,” said Scott Toler, president and chief executive officer of CUMA. “We are excited to offer an innovative mortgage product that gives a new meaning to consumer-friendly. Through access to state-of-the-art, 24/7 Web interface, consumers are able to monitor and reset their mortgage rate with literally one click.

Mortgage Harmony’s mission is to design innovative mortgage products that bring greater continuity to all the parties in the process and minimize the lender’s timeline between product development and launch to homebuyers.

“After the last few years of turmoil, I welcome this new consumer-friendly mortgage option. The HarmonyLoan has tremendous potential to restore consumer confidence in the real estate industry,” said Terry Belt, a Realtor with Keller Williams Realty in Vienna, Va. and leader of one of the top 100 Realtor teams in the nation. “With the HarmonyLoan, home buyers are ensured a competitive interest rate. I believe the HarmonyLoan will transform the industry and change the way homebuyers perceive their mortgage.”

It’ll be interesting to see what the big banks think about that.

Tags: mortgage loan, automatic rate-reset, refinance fees, lender fees, attorney fees, customer loyalty, service stream, mortgage products, interest rates, harmonyloan

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

January 11, 2011 (Jeff Alan)
credit_union_image
The Credit Union Mortgage Association (CUMA) announced that it has closed the first HarmonyLoan for a member of the Agriculture Federal Credit Union in conjunction with Mortgage Harmony Corporation. The HarmonyLoan allows homeowners an automatic rate-reset modification option, and no additional paperwork. The consumer manages their own loan and decides when they want to refinance. Just a “click” and the loan is reset.

The HarmonyLoan is a consumer-initiated interest rate-resetting mortgage that aligns the interests of the consumer and credit union by allowing homeowners to adjust their interest rates with the market without the expense and hassle of a traditional refinance or new mortgage. The consumer does not incur any costly refinance fees, no lender fees, no attorney fees, and they will continue to reduce their principal balance as schedule.

Mortgage Harmony formed a partnership with CUMA in September to make the HarmonyLoan available to the association’s credit union members based primarily in the Greater Washington, D.C. area. As a result of its partnership with Mortgage Harmony, CUMA was able to implement product development, origination and servicing requirements necessary to close its first HarmonyLoan in less than three months.

Harmony loans are now available as 5/1, 7/1, 10/1 adjustable rate mortgages and 15 year fixed rate mortgages and were created with the objective of minimizing the pre-payment turnover that causes loss to market share, service stream and customer loyalty.

Through access to a state-of-the art, 24/7 web interface, credit union members are able to monitor and reset their mortgage rate with literally one click.

“The Harmony loan removes the inefficiencies of the mortgage process that have made putting a new loan on the books so costly,” said Scott Toler, president and chief executive officer of CUMA. “We are excited to offer an innovative mortgage product that gives a new meaning to consumer-friendly. Through access to state-of-the-art, 24/7 Web interface, consumers are able to monitor and reset their mortgage rate with literally one click.

Mortgage Harmony’s mission is to design innovative mortgage products that bring greater continuity to all the parties in the process and minimize the lender’s timeline between product development and launch to homebuyers.

“After the last few years of turmoil, I welcome this new consumer-friendly mortgage option. The HarmonyLoan has tremendous potential to restore consumer confidence in the real estate industry,” said Terry Belt, a Realtor with Keller Williams Realty in Vienna, Va. and leader of one of the top 100 Realtor teams in the nation. “With the HarmonyLoan, home buyers are ensured a competitive interest rate. I believe the HarmonyLoan will transform the industry and change the way homebuyers perceive their mortgage.”

It’ll be interesting to see what the big banks think about that.

Tags: mortgage loan, automatic rate-reset, refinance fees, lender fees, attorney fees, customer loyalty, service stream, mortgage products, interest rates, harmonyloan

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS