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Mortgage Harmony, LenderLive Partner to Spread Word on Product

""Mortgage Harmony Corp."":http://www.mortgageharmony.com/Default.aspx, a Virginia-based provider of innovative residential loan products, and ""LenderLive Network, Inc."":http://www.lenderlive.com/Home.aspx, announced an alliance to enhance market awareness of Mortgage Harmony's HarmonyLoan product.

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According to a company release, ""HarmonyLoan is a consumer-initiated, interest rate-resetting mortgage with a patented recurring compensation structure for loan officers."" The product is intended to align the interests of consumers and originators in a way the industry has never before seen.

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Borrowers who secure a HarmonyLoan are able to take advantage of lower interest rates by resetting their rate as often as every 120 days--with only the click of a button, assuming their payment history is solid. Borrowers can also extend their loan term without worrying about the hassles and costs of refinancing.

""We are pleased to have a well-respected service provider like LenderLive working with us to move this innovative loan product forward,"" said Keith Kelly, CEO and co-founder of Mortgage Harmony. ""LenderLive brings a wealth of knowledge, history and experience in the financial services industry that will be a wonderful addition to our efforts as we strive to ensure that consumers and lenders become aware of the HarmonyLoan and the outstanding benefits it will bring to them.""

LenderLive CEO Rick Seehausen said his company is also excited about the opportunity to spread the word on HarmonyLoan.

""We continually look for opportunities to bring value to our customers and the HarmonyLoan clearly does that!"" Seehausen said.

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