FAQs
What is Fincast?
Fincast is a free tool for mortgage consumers who want to maximize savings and ensure they're getting the best deal possible. We provide unbiased, independent feedback on existing mortgage offers to help consumers make more informed decisions. We anonymize the offer (remove personal contact details) and automatically shop it across our network of professional and vetted mortgage companies to directly find and connect consumers with additional savings.
Why did we create Fincast?
Fincast was created to shift power back into the hands of consumers, who deserve an easier way to save on a mortgage. Our patent-pending technology not only enables ALL consumers to shop and negotiate effectively, with ease, but it protects American homeowners & homebuyers from financial exploitation, aggressive lending, and mortgage spam.
How do you use Fincast?
1. Get an official offer (Loan Estimate) from any lender, bank, or broker (it doesn't matter who you work with).
2. Upload a copy of the offer and answer a couple basic questions.
3. We'll let you know how good your offer really is, and if we find a mortgage company that can beat your deal, we'll connect you.
What are the benefits?
The only possible outcome is a win-win. Either:
1. You'll get confirmation that your current offer is already the best deal, or
2. You'll be directly connected with a lender(s) that can beat your current deal (existing offer).
Who can use Fincast?
Fincast is free for any and all mortgage consumers in America. Whether you're purchasing a new home or refinancing an existing one, once you have your Loan Estimate, you can quickly take full advantage of Fincast and our technology.
When should I use Fincast?
You get the best results from Fincast when you upload a copy of your Loan Estimate right after you've received it. To maximize savings, we recommend that you upload a Loan Estimate with a rate lock (your rate lock can be found in the upper right corner of your Loan Estimate, and means that the Interest Rate you're being offered won't change between the Loan Estimate and the Closing, as long as you close within the specified time frame and there are no changes to your application).
How fast is Fincast?
We're constantly working to improve the speed of the process, but to ensure we don't miss out on any deals, we strive to return results within 1 business day from the day you submit your current offer.
How is Fincast different from other companies?
1. Fincast focuses on consumers who are already in process and have received a Loan Estimate. Regardless of the lender, broker, or bank you're already working with, we make sure you're saving the most.
2. Our goals are completely aligned with yours, the consumer. We are not compensated when you choose a specific lender or when you close a specific loan, like brokers and some shopping services, so we will never influence you to pick A over B or B over A.
3. We protect you from mortgage spam. Unlike comparison shopping sites, or publishers who sell your data to at least 5 of the highest bidders that will call, text, and email you endlessly, we anonymize your offer when we shop it and directly connect you with mortgage professionals who can actually beat your deal.
How does Fincast make money?
Fincast is paid a small, fixed fee by mortgage companies and professionals that have reviewed your anonymized offer and are able and willing to beat it. This is not a guarantee that you will choose them, but an opportunity to connect directly and present you with their offer. You will always have the freedom to choose what lender you work with.
What information do you need?
We only request basic information about you. Our primary focus is your current offer. You'll be asked to provide your name, email address, phone number, most recent credit score (we do not run your credit), how you intend to occupy the property, a copy of your current Loan Estimate (PDFs, Screenshots, or Photos accepted), and consent to shop on your behalf and connect you with lenders that can beat your deal.
What's a Loan Estimate?
A Loan Estimate is the only type of official offer that lenders care to compete against, it establishes your intent and your qualification – check out this resource for a more detailed explanation.
Does this affect my credit score?
Fincast does not affect your credit score at all. We don't ask for your Social Security Number or Birthdate because we don't do hard or soft credit inquiries. If you meet a new lender through Fincast and decide to pursue their offer, they'll request that you complete their application, which will require a credit check, but if it's within 45 days of your original application, then it will not adversely impact your credit score at all.
Is my information secure?
Not only is your information technically secure, but by practice we protect it. All your information is encrypted in accordance with industry standards, and we never connect you to lenders or share any of your personal information without your express consent.
Who are the mortgage companies that can beat my deal?
Fincast's network is built to create fair competition. So, we enable big depository lenders, consumer direct lenders, retail lenders, brokers, regional banks, credit unions, and all of their loan officers to compete to beat your deal. Any professional that you meet through Fincast has been heavily scrutinized and vetted, is legally compliant, and is held to the highest of standards, which they've reviewed and accepted. We also encourage you to provide feedback on your experience with anyone you're connected to through Fincast, as this makes the experience better for all.
Can I speak with a human?
Absolutely! You're welcome to email us at support@gofincast.com or call us at (866) 986-1680. We're here to help!