LendingTree has recently released an updated version of its Mortgage Calculator mobile application for both Apple and Android operating systems. The newly redesigned app serves as a one-stop shop for home purchase and refinancing options, complete with useful tools such as a home affordability calculator, mortgage calculator, and a rent vs buy calculator. Also featured is an instant mortgage quotes tool, which allows customers to get and compare real mortgage quotes – on-the-go – from LendingTree’s network of over 300 lenders.
A key functionality LendingTree has now included with its mobile mortgage app is eliminating direct lender calls when customers request mortgage quotes through the app. Customers on the mobile experience can take their time to review lender offers and fees and research lender information before selecting the option to contact lenders directly to finalize quotes. Offers are still from real lenders, provided in real-time and customized to your financial profile.
Customers who prefer to still receive immediate quotes from a live agent, can still do so through LendingTree’s traditional website experience.
Fast and Easy-to-Use Calculators
Included calculators within the app allow you to quickly determine your monthly mortgage payments or home affordability. Users can determine if a purchasing decision is right for them or easily calculate monthly costs to see if payments would fit their estimated budgets.
The featured Rent vs Buy Calculator provides an easy comparison view of the user’s cost of homeownership and cost of renting. This calculator can help someone decide if owning their home or renting is a better value. Having these numbers compared side by side can give a realistic view of what equity an individual could build with either option.
A final key feature LendingTree has included is the Compare Current Offers tool. With this feature, anyone can input the data from any other Loan Estimate Form (LEF) offer he or she has already received and see if a better rate and offer can be found on LendingTree’s network. Using the Compare Current Offers tool could literally save someone thousands by finding better loan options and interest rates. Use it to get additional lender offers or negotiate a better deal at the table.
Available on both Apple iOS and Google Android phones
The LendingTree Mortgage Calculator is completely free to download and available now on both Apple and Google Play stores. Download them today and get started on making better home buying decisions!