BestRate.com Selected by Forbes.com As a `Best of the Web' Mortgage Site for Third Consecutive Year.Business Editors & Technology Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 20, 2000 Myers Internet Services a leading provider of Internet solutions to mortgage originators announced today that its Web site (www.bestrate.com) was selected once again by Forbes.com magazine as a "Best of the Web" site for mortgages. The "Best of the Web" issue of Forbes.com covers 45 different Web site categories, ranging from venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so to alternative medicine, and selects a few of what it considers to be the best examples of each. Five key criteria are factored into its selections: content, design, navigation, speed, and customization. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forbes.com, "BestRate provides an easy way to find the best mortgage rate and home equity loans on the Net in all 50 states. [Consumers] use this site to find lenders and then contact them directly. The simple design lets the user bounce easily between the reference desk and any of the six mortgage calculators Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow to purchase a piece of real estate. Mortgage calculators can also be used to compare the costs or real interest rates between several different loans, determine the . There is an excellent breakdown of lender fees and you can get a credit report online." The best features of BestRate.com, according to Forbes.com, are the breakdown of lender fees and the list of the ten worst potential mistakes when buying a home, refinancing Refinancing An extension and/or increase in amount of existing debt. or getting a home equity loan. "Being recognized by Forbes.com for the third consecutive time reaffirms our leading presence in the online mortgage industry," said Warren Myer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Myers Internet Services. "BestRate.com is the only source on the Internet that lists rates, points, detailed loan fees and annual percentage rate (APR APR See: Annual Percentage Rate ) comparisons from hundreds of lending sources, which enables consumers to shop for mortgage and home equity rates based on the loan program they want. I believe that this commitment to the consumer is what keeps us on Forbes.com's list of `The Best of the Web' year after year." BestRate.com is one of the largest, live mortgage rate databases on the Internet. Free to consumers, it allows consumers to shop for mortgage rates nationwide and it enables lenders to post and easily update rates via a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . More information on the Forbes.com "Best of the Web" sites can be found online at www.forbesbest.com. About Myers Internet Services Myers Internet Services is a leading provider of Internet infrastucture to the mortgage industry. Myers solutions allow for a completely electronic transaction, connecting consumers with originators and originators with lenders and service providers. Using Myers Webwiz technology, an originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting can build a state-of-the-art customized Web site in minutes. Myers Originator Network enables originators to compare rates, process loans and connect to lenders electronically, resulting in faster turnaround and reduced processing costs. Myers electronic community comprises of 1,600 brokerage companies with over 10,000 originators. Its premier Web sites, OriginatorNetwork.com, BestRate.com and LoanApp.com are some of the best known mortgage-related sites. For more information visit www.myersi.com or call (408) 428-9960. |
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