Zillow Group subsidiary Trulia is the latest company to put out an app that enables borrowers to compare mortgage options and get preapproved for a loan.Released Feb. 10, Trulia Mortgage App for iOS is designed to make the homebuying process easier for potential buyers, especially tech-savvy millennials who crave the ability to shop for a home with just a few screen swipes.“We think our app makes it super easy for users to understand the loan process and what they qualify for,” said Christine Sou, Trulia’s mortgage product manager. "It’s designed especially with first-time homebuyers in mind who may not know what they are getting into. We wanted to provide an easy, intuitive onboarding experience"Home affordability was at the center of this app’s development, with Trulia estimating that 31 percent of consumers think qualifying for a mortgage is their biggest obstacle to buying a home.“With mortgage rates being so low these days, we saw an opportunit...
- Released Feb. 10, Trulia Mortgage App for iOS is designed to attract tech-savvy millennials who crave the ability to shop for a home with just a few screen swipes.
- The app pulls in real-time property taxes and interest rates based on ZIP code, and it informs the buyer if mortgage insurance will be required.
- The program will calculate monthly payments for multiple properties, which can be named and saved for comparison later.