Today, we are excited to announce that we are bringing our innovative mortgage experience to the iPhone. Introducing the Zillow Mortgage Marketplace iPhone App, which provides personalized loan quotes, real-time rates, and advanced calculators and tools that will give you an instant financial reality check while out touring homes.

Imagine stepping through the door of that perfect home for sale – it’s easy to get caught up in how to decorate and arrange the furniture. Meanwhile, affordability concerns and financing options end up on the back burner.  But, with the Zillow Mortgage Marketplace App literally in your hand, you can put your home purchase options up front and in context with your overall financial situation. The app can help you decide how much house you would feel comfortable buying, plus it can calculate how much income you’ll have left over after paying your mortgage.

The app’s elegant, intuitive design makes it easy for you to play around with multiple scenarios until you find the home and mortgage combination that makes sense for you.

When you are ready to contact a lender – whether it’s to get pre-approved for a loan, to buy a home you just toured, or if you just saw real-time interest rates drop and you want to lock in a rate – the Zillow Mortgage Marketplace App makes it easy to contact a lender straight from your iPhone.

On-the-spot answers to mortgage questions

The app features calculators and tools to help you answer important home finance questions:

  • What can I afford?
  • What will my payments be?
  • Should I refinance?

Enter information like annual income, down payment, and monthly debt into the app and then see your results in visual snapshots. Results change as different values are entered.

In addition to the calculators, the app lets you get personalized loan quotes with low rates from trusted lenders on Zillow Mortgage Marketplace.  Most importantly, you do all of this while you are anonymous. If and when they’re ready, you can contact the lenders you like – right from your iPhone.

So, remember, when you’re standing in the living room of your dream home and are caught up in the emotions of such an important investment, make sure you have the Zillow Mortgage Marketplace iPhone App as your financial guide.  Instant access to financial tools and resources will help you make a sound purchase decision based on real-time information.

Give it a try: Download the Zillow Mortgage Marketplace App in the iTunes store for free!

About the Author

Erin is vice president of mortgages at Zillow. She leads Zillow’s efforts to connect borrowers with lenders, and to empower consumers with the information and tools to make smart decisions about financing homes.

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