My Real Estate Blog

iPhone loan-shopping app now available

Zillow today launched a new iPhone app, Zillow Mortgage Marketplace, to help consumers shop for and compare mortgage rates.  The app combines personalized loan quotes with advanced calculators and tools to help borrowers understand how much home they can afford, what their monthly payments would be, and whether refinancing their current home makes financial sense.

The Zillow Mortgage Marketplace App allows borrowers to fill out a loan request by providing information about the home they want to buy or refinance and their own financial situation.  Borrowers do not enter any personally identifiable information, but just enough data for lenders to return custom quotes. Users receive an average of 25 loan quotes per request, and can compare rates and lenders side by side, including scanning more than 8,900 consumer-submitted lender reviews.  With one touch, the borrower can then immediately connect with lenders of their choice and begin the process of securing a home loan, right from their iPhone.

The Zillow Mortgage Marketplace iPhone App design streamlines the user experience for mobile and uses its Web-based counterpart Zillow Mortgage Marketplace to provide a transparent lending marketplace where borrowers can connect with reputable lenders to find personalized loan options and get a variety of competitive mortgage rates.

Reprinted From C.A.R.

Posted by Adam Mallory on July 13th, 2011 7:57 PMPost a Comment (0)

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