Top Mortgage Apps that Simplify the Process of Buying a Home
Many potential homeowners have difficulty setting aside the time to look through real estate, find good mortgage rates and locate other information related to the search for a home. If you feel the same same way, youre in luck! Home buyers with a smartphone can allow a great online mortgage application come to the rescue.
Check out some of the latest and greatest apps for Android, Blackberry and iPhone that offer the mortgage assistance you need.
Android Mortgage Apps
1. FreeMortgageBuddy
The FreeMortgageBuddy Android mortgage application is highly interactive and comes with the following features:
- An amortization table to help you determine your potential payment, as well as how much principle and interest you are paying at any point during the term of your loan.
- The ability to determine payment by incorporating real estate taxes, homeowners insurance, MIP/PMI and condo fees.
- The Home Purchase Qualification Calculator, which lets you input a propertys purchase price, loan terms, your annual income and other monthly debts to determine debt-to-income ratio.
Users are also given a tool to allow them to offer suggestions on ways to improve the application.
2. Real Estate 114
This cool mortgage app offers a number features for those looking to rent or buy a home, including:
You can also take advantage of brokerage calculation and other great features with this app.
3. Mortgage Qualification
This app allows you to input basic information then calculates the approximate value of real estate that you can afford. It comes with the following features:
- Mortgage calculator
- Purchase price calculator
- Price of house you can afford
Its good to note that this app assumes you have good credit when calculating. Also, it doesnt represent a commitment to lend or a full approval from a lender.
Blackberry Apps
1. LendingTree Mortgage Rates Finder
LendingTree offers a free Blackberry app that assists buyers in the process of finding of home. It allows users to find customized, up-to-the-minute loan offers from multiple lenders.
With the app, you simply enter the type of loan and amount youre looking for then perform a search of participating lenders and their loan offers. All of your searches are anonymous so theres no need to divulge personal information, which is always a plus.
2. Free Mortgage Calculator
This free mortgage calculator allows users to take advantage of the following:
- Calculate monthly mortgage payments
- Determine payments for any other loan (car, personal, etc.) with fixed monthly payments
- Horizontal and vertical orientation support
The calculator works well with all loans as long as interest is compounded monthly.
3. Income Calculator
This Blackberry financial app is a great option for those who are looking to figure out how to pay their bills, including their mortgage. The calculator allows you to look at how much money you earn from all of your income sources then helps you calculate how to spend your money throughout the year.
iPhone Mortgage Apps
1. ERATEs iPhone App
This free iPhone Rates and Mortgage app offers a number of features for the person searching for a home. Here are some benefits of this app:
- Instant access to mortgage rates
- The ability to utilize criteria like desired loan type, loan amount, state and refinance or purchase when searching
- Search anonymously
ERATE also notes that this app comes with no advertisements, which is a great plus.
2. Mortgage Loan Calculator
This calculator is free and available from Mobile Innovations, LLC. It allows you to come up with sample loan scenarios based on loan amount, monthly payment and interest rate. It is advertised as being the perfect option for homebuyers, homeowners and even brokers and Realtors. Best part? Its absolutely free!
3. Foreclosure Search
The search for foreclosed homes can sometimes be a daunting one, even with the large selection available. This is why iPhone foreclosure search app gives users a chance to look through a list of foreclosed properties from USHUD.com. The properties listed are owned by the government. Many are also owned by major banks.
Apps for Multiple Smart Phones Types
1. Zillow Real Estate App
The Zillow Real Estate free app is available on Android, iPhone and Blackberry and offers multiple features, including the ability to find:
- Home values
- Homes for sale or rent
- Sale and rent estimates
The app also offers GPS that allows you to search for homes as you drive through a neighborhood.
See the Zillow iPhone App in Action
2. Homes.com
The Homes.com app is also available on Android, iPhone, Blackberry and Windows 7. Some great features you can take advantage of include:
- Locate nearby homes or rentals with the GPS location finder
- Zoom and navigate neighborhoods with Google Maps
- Bookmark favorites
- Share properties with friends or family
- Contact real estate agent
The app offers access to over 4 million homes for sale and is viewable through any browser.
3. Trulia Real Estate App
This app is also available on Android, iPhone and Blackberry. It offers the following options:
- Search nearby homes for sale, apartments for rent and recently sold homes
- View photos of homes
- Find nearby open houses
- Contact listing agents on the go
There are a lot of great mortgage apps to take advantage of, depending on the type of phone you use. So take time to find the one that will give you the home seeking experience you desire.
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