Effective Date: 23-April-2025
Average time savings are based on typical mortgage applicants engaging with 5 or more lenders, spending approximately 4 or more hours per lender on research, rate comparisons, phone calls, and document collection or submission. By streamlining this process, Buildio can help save over 20 hours of effort for the average borrower.
Estimated lifetime interest savings are calculated based on a 0.25% reduction in mortgage rate on a $400,000 loan amortized over 30 years. For example, the difference between a 6.75% and 6.50% fixed rate results in approximately $84 less per month in interest, which adds up to over $30,000 in savings over the life of the loan.
For assumption questions or requests, please contact: info@buildio.us