Credit Sesame Launches the Industry's First Interactive Visual Mortgage Comparison Tool

SUNNYVALE, Calif., Feb. 22, 2012 /PRNewswire/ -- Today, CreditSesame.com, the popular personal finance and credit education resource site, announced the launch of its interactive mortgage comparison and visualization tool designed to help consumers quickly and easily identify their best loan options visually.   

Comparing mortgage loans can be an overwhelming task. With multivariable options at play—such as mortgage types, rates, APRs, closing costs, points, fees and different amortization schedules—it is often difficult to answer simple questions—e.g., which loan could cost you the least, or which loan may save you the most money in refinance.  Credit Sesame's Mortgage Value Map is a sophisticated tool that simplifies the complex task of comparing mortgage loan options and, for the first time, clearly displays how various loan options from top national mortgage providers compare and could impact your finances.

"If we had this map before the mortgage crisis, many people would have been able to make smarter decisions and evaluate the potential risk and rewards of their choices much more clearly," said Credit Sesame founder and CEO, Adrian Nazari.

Whether looking to refinance or purchase a new home, the Credit Sesame interactive mortgage comparison map lets you instantly analyze today's mortgage rates and visually compare top loan offers.  Users benefit from having access to custom rate quotes from top national lenders and visual analytics to evaluate which options may cost you the least, or save you the most money over the life of the loan.

Credit Sesame's visual mortgage comparison tool lets you...

• Anonymously shop products, rates and fees brought to you by national lenders in real time
• Quickly analyze the multivariable options (mortgage type, rate, APR, monthly payment, closing costs and fees) that impact the total cost of your loan
• Rank and compare loans using your preferences and unbiased financial analysis
• Save time and money and stay in the know at a glance as the market changes

Credit Sesame's patent-pending mortgage analytics was developed by Stanford University scientists and vetted by members of the top 10 banks.  The mortgage visualization tool is the latest innovation from Credit Sesame, whose mission is to make the complicated world of personal finance simple for consumers.  The company gives consumers free access to bank-level analytics to give them an edge on leveraging their credit and loans to make smarter decisions in their financial lives.

About Credit Sesame

Credit Sesame brings the power of bank analytics to you.  It is a personal finance tool that provides a free credit score and insightful information and analysis to  save money. With our powerful financial technology—comparable to what banks use to optimize profits on their lending products—you can see how lenders see you, understand how to improve your credit and know what options are truly available.  Once you sign up, Credit Sesame proactively monitors market changes and your financial picture to bring just in time alerts and recommendations that are important to you and maximize your savings.  You will always get free, unbiased, personalized recommendations so that you can get control of your finances, save money, borrow smarter and monitor your credit and debt online.

For more information visit www.creditsesame.com and stay connected by following us on Twitter (@creditsesame), liking us on Facebook (http://www.facebook.com/creditsesame), getting the latest expert tips from our personal finance blog (http://www.creditsesame.com/blog/) and staying with us on the go through our free mobile app (http://tiny.cc/credit_sesame_itunes)

SOURCE Credit Sesame