Zillow recently released an iPhone app that helps buyers out looking at homes figure out if they can afford a mortgage on the property they are viewing. The Zillow Mortgage Marketplace app includes calculators that help buyers determine whether a home is affordable or how much the monthly mortgage is. The app also boasts a calculator to help existing homeowners who want to know whether it makes sense to refinance. It estimates how much money you save if you refinance. It even includes breakeven point and savings over the life of the loan. You will be able to determine the home price you can afford and money left over after your mortgage payment. You’ll be able to see your monthly mortgage payment and how it breaks downs into principal, interest, taxes and insurance. All mortgage calculators include interactive sliders, cool, data-generated charts, advanced fields and field pre-filled with latest rates and estimates. And the app is FREE!
And thank you for making me Your Orange County Real Estate Connection.
Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI
Past President, Orange County Association of Realtors (949) 753-7900