There is disclosed a loan optimization system and method for advising usersregarding thepossibility of refinancing various loans or mortgages where financing costsavings can berealized. The system stores loan particulars of existing borrower loans in aloan database andupon detection of a trigger condition with respect to a particular borrowerloan will scan aproduct database containing product particulars for various alternativeprospective loanproducts available in the market and identify any possible prospective loanproducts whichwould create savings and meet the user's requirements. Loan comparison methodsofvarying complexity are disclosed.
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