New website bypasses brokers and pays customers instead
TORONTO, Dec. 8, 2015 /CNW/ - Every dollar counts when buying or refinancing a property and a new service is helping Canadians with significant savings during the mortgage process. Toronto-based Do Your Own Mortgage (DYOM) is an online company that is dramatically changing the way Canadians obtain a mortgage. This new website is Canada's first and only company to reward consumers with a significant cash-rebate for taking control of their mortgage application, essentially letting them become their own broker and putting cash back into their hands.
DYOM provides a gateway to rates and mortgage products from over 50 competing institutions, while removing the arduous negotiation process. The simple and secure 10-minute application form is optimized for tablets, smartphones and desktops and can be conveniently completed from anywhere, thereby eliminating the need to go to the bank or meet with a mortgage broker.
"Buying or refinancing a property can be costly. Some consumers are left with high penalties, legal fees and even last minute expenses," said Lionel Khoury, President and Founder of DYOM. "We provide a 'no-strings attached' cash-rebate to help empower these clients. This means customers can put the money towards anything they desire, such as renovations, a vacation, investing or topping up their RSPs."
Borrowers can apply directly on the site and can also select their lender and terms. A sophisticated back-end powers a private dashboard for each client that keeps them informed during every step of their application process. From this dashboard, clients can monitor the status of their application and can even refer family and friends to get additional cash rebates.
Doing your own mortgage doesn't mean you're on your own. Customers are fully supported throughout the application process and can be connected to a licensed mortgage agent who can answer any questions. The website has already given out over $100,000 in cash rebates to happy customers across the country.
To learn more or to apply, please visit www.doyourownmortgage.com.
About Do Your Own Mortgage
Do Your Own Mortgage is Canada's first online DIY mortgage application company that pays consumers a cash-rebate for doing their own mortgage. Launched in 2015, it is changing the way Canadians apply for mortgages by eliminating the need to meet with a bank or mortgage broker. For more information, visit www.doyourownmortgage.com.
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SOURCE Do Your Own Mortgage