Guaranteed Rate has added a new tool to its suite of mortgage technology that enables clients to purchase a home or refinance their mortgage without leaving their homes.
The lender launched GRaffordable, a mortgage simulator that allows borrowers to search customized loan options within 90 seconds. Borrowers using the tool can compare options for conventional, jumbo, FHA, and VA loans. In addition, GRaffordable provides around-the-clock online accessibility without requiring any personal contact information or login.
"The GRaffordable loan finder tool is the best mortgage calculator in the industry. It allows borrowers to access real-time Rate and payment information, and select the loan product that best suits their needs, all in just seconds," said Guaranteed Rate founder and CEO Victor Ciardelli. "With rates hovering at historic lows, there's never been a better time to be a homebuyer. With the GRaffordable platform, we continue to offer transparency to our customers and agent partners so that they get a clear picture of what they can afford."
In February, Guaranteed Rate pledged to "create the best user experience for customers and real estate agents" through its 2020 Agent Partner Advantage Program. The company said that it would continue to create tools and products that would simplify the homebuying experience.