Zillow Home Mortgage Calculators

Best iPhone and iPad apps for home buyers: Zillow, Trulia, Credit Karma, and more! The best iPhone and iPad apps every home buyer needs to better prepare for financing, communicate with realtors, and get to the closing table!

Whether you're a first time home buyer or you're flipping houses fast and furiously, making the process as efficient and stress-free as possible is a huge win for everyone involved. From getting approved for financing to finding the perfect home(s), to negotiating price, there's a lot of work to be done for both you and your realtor. Luckily, the iOS App Store has a bunch of great apps to help you get the best deal possible done. Here are my favorites!

Credit Karma

Before searching for a home, it's important to be sure you can get financing (unless you're paying cash). A lot of realtors will even ask for a pre-approval letter from a bank before they will begin showing you homes. Credit Karma is a great tool that's available for free and can give you an estimated score that's provided by TransUnion, as well as an overview of how your score was calculated. What a bank sees may be a little different but the general consensus has been that Credit Karma is fairly accurate and generally within a few points. I pulled my own credit and then checked with my bank and both were within 10 points of each other.

If you need financing, you need Credit Karma.

Mortgage Calculator and Home Loan Rates by Trulia

Trulia's mortgage calculator is a quick and easy way to figure out what you can afford for your next house. By inputting your income, expenses, down payment amount, and more, Trulia will give you an idea of what price range you should be looking in, as well as what the monthly payment would be. This can help narrow your search and save you time and effort. Trulia can also give you rates in your area based on your credit score range and what price range you're looking in.

If you're getting a mortgage, get Trulia's mortgage calculator .

Zillow

Zillow lets you drill down to the type of property you want, price range, and more. Zillow will also show you, under the price listing, what they estimate the mortgage payment to be. There's plenty of useful info in Zillow in regards to property taxes and pricing history as well, which is helpful when figuring out what could be added to your payment. Zillow also provides what they call Zestimates, which give what Zillow believes is fair market value for the home. It's not an appraisal nor should you treat it as one, but it can still give you a general idea of what the house is actually worth based on similar properties around it.

If you're still looking for a home, and need to narrow down your search, you need Zillow.

Trulia

Trulia also offers a home search app but uses different sources and metrics to figure out valuations. Zillow seems to be more accurate (at least in my area) when it comes to giving estimates on market prices, but Trulia gives more information than Zillow when it comes to lot size, amenities, garages, and other, general information. Using both in conjunction with each other should give you a better overall picture of what a home is really worth and what it comes with.

If you're looking for a home, and want more detailed information about the property, you'll want Trulia.


Their "comparison" is pitiful

2009-08-26 10:21:34 by boogityboogityboo

No opportunity cost. No residual value. Most online calculators at least cover those. Then there's the apples-to-oranges comparison that they use. Obvious mis-education.
"Editor's Note: The metro areas were ranked based on the annual cost of owning compared to renting. The own/rent ratio represents the annual cost of owning as a percentage of the annual cost of renting. The lower the ratio, the more favorable owning is over renting and in any metro with a ratio below 100%, it's cheaper to own than rent. To make a fair comparison between owning and renting, annual ownership costs were calculated based on a loan of 100% of the purchase price

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'Profit meant more than her life': Woman with breast cancer dies after Wells ..  — Raw Story
Breast cancer victim Marsha Kilgore lost her home in Fresno, California and died soon after she was foreclosed on by Wells Fargo, which had promised a loan modification but later reneged.

BofA, Citi, Wells Fargo Accused Of Lending Discrimination In Miami Suit  — Huffington Post
MIAMI, Dec 19 (Reuters) - Miami has sued Bank of America , Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage lending practices against minority residents that resulted in a rash of foreclosures, the city said on ..

LA sues Wells Fargo and Citigroup, alleging predatory lending  — Los Angeles Times
The city of Los Angeles accused banking giants Wells Fargo & Co. and Citigroup Inc. of a “continuous pattern and practice” of mortgage discrimination that led to a wave of foreclosures, reduced property tax revenue and increased costs for city services ..

Atlantic Publishing Company The Complete Guide to Becoming a Successful Mortgage Broker: Insider Secrets You Need to Know
Book (Atlantic Publishing Company)

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