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Mortgage Brain launches Debt Consolidator Calculator

Mortgage Brain has revealed a new Debt Consolidator Calculator as a part of its new sourcing system, Mortgage Brain 6.70.

The sourcing system provider says the calculator has the ability to compare the continuation of short term loans and mortgage payments against the potential monthly savings by consolidating all loans.

The Debt Consolidator Calculator will pre-populate data already inputted and automatically calculate all payment options for consolidated loans, including total debts, monthly payments, interest paid and amount outstanding.

Additionally, the new software can produce graphs and comparison documents to illustrate and compare a customer’s current repayments against that of a consolidated loan.

Mortgage Brain chief executive Mark Lofthouse says: “The Debt Consolidator Calculator will help brokers to give more informed advice to their customers and is just one of many new modules integrated into the new system, which, along with a number of other enhancements, makes Mortgage Brain 6.70 the most comprehensive, accurate and easy to use system available.”

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