Envestnet | MoneyGuide, creator of internet-based financial planning software, has released a guide to help advisors determine whether their clients could benefit from a mortgage refinance. The company offers its tools in “Blocks” as part of its MyBlocks series, which breaks down complex financial topics and questions and offers side-by-side comparisons of different potential outcomes.

The company’s new ‘Mortgage Refinance’ Block is designed to help advisors identify new lending opportunities.

“Given the current interest-rate environment, many Americans are wondering whether now might be a good time to refinance,” said Tony Leal, president of Envestnet | MoneyGuide. “Also top of mind are thoughts such as: ‘What is the best way to spend my latest stimulus check? Is it better to pay down debt, or invest the extra cash?’ The timing is just right for our latest blocks to further enhance these types of meaningful conversations that advisors are having with clients.”

According to the company, the new Mortgage Refinance Block:

  • Helps the client determine if refinancing current mortgage debt at current interest rates would be beneficial and free up extra money.
  • Digitally engages and “walks” the client through the thought process.
  • Can lead to new lending opportunities.

“We believe holistic advice and planning are the keys to helping clients achieve financial wellness,” said Leal. “Debt and credit strategies can make or break a financial plan. Given this, Envestnet Analytics has a tool accessible by advisors in MoneyGuide to quickly identify possible lending opportunities for their planning clients. This is a growing trend that we’re excited to stay in front of as we build more product-aligned blocks throughout 2021.”

NEXT, connecting women in the mortgage industry to grow and advance their leadership and careers.

Stay in the know

Get the daily intel that impacts your customers, employees and market. 

Up NEXT eNewsletter — Industry news

Thank you!

Share This