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Realtors should know about this untraditional mortgage calculator

Brand new mortgage calculator

Today, Homes.com announced their new mortgage calculator app for iPhone and honestly, we weren’t all that interested at first. But when we started poking around, our interest was quickly piqued as the app puts an interesting twist traditional mortgage calculator apps that typically tell you a monthly payment based on down payment, length of term, interest rate and amount of mortgage. Yawn.

But wait, there’s more! What Homes.com does that is interesting (and you should definitely know about in case your clients use the app) is calculates whether renting or buying would be a better deal. Woah.

“The release of this Mortgage Calculator app reinforces our commitment to serving consumers through every step of the home search process, starting with the very first step—deciding whether to buy or rent,” said Jason Doyle, Homes.com VP and GM. “Using intuitive mobile technology, this user-friendly app links consumers directly to homes for sale or rent depending on their needs.”

Consumers first. What a novel approach. Check out the screenshots of the app to get an idea of its functionality and scroll down to download on your iPhone.

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AG is not affiliated with Homes.com.

The American Genius is news, insights, tools, and inspiration for business owners and professionals. AG condenses information on technology, business, social media, startups, economics and more, so you don’t have to.

3 Comments

3 Comments

  1. Sonya

    May 5, 2011 at 3:16 am

    What a great idea. At last there is a value-added app that advises the customer on their needs. A lot of online mortgage calculators are also white-label, which means no development, or thinking, goes into it from the website's perspective, they just buy it and roll it out on their website.

    So this type of really useful app is brilliant because it actually is objective and user-centric, and totally orginal.

    Bravo homes.com and thanks for sharing.

  2. Joe Loomer

    May 5, 2011 at 6:06 am

    Whoah! Is it available for Droids?

    Navy Chief, Navy Pride

  3. Joe Loomer

    May 5, 2011 at 6:10 am

    Should add how awesome this is – you pull out your smart phone in the kitchen of the home your clients like the most and pop! "this is how much your payments will be on this home"

    Navy Chief, Navy Pride

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