To help simplify the car and home loan refinance process, GTE Financial has formed a new alliance to make it happen.
The $1.5 billion credit union in Tampa, Fla., has partnered with Mortgage Harmony Corp., a financial services technology company and provider of lending products, to offer members a Web-based refinance application process.
With the HarmonyLoan, which can be applied to a mortgage or car loan, borrowers click on a personalized website to adjust the interest rate on their loan without the expense and hassle of a traditional refinance, according to GTE Financial and the McLean, Va.-based Mortgage Harmony.
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