Mortgage Coach has been providing financial help to consumers for well over 15 years via their website. Their aim was to provide a level of transparency about what options are available to people looking to get a mortgage or even to refinance their current deal. Mortgage Coach has now created an app that can work in conjunction with their website or on its own. The app will provide you with a detailed analysis of the overall home buying process, thus allowing you to make smart and informed decisions.
License: Creative Commons†image source
The app has mainly been created to allow a potential mortgage applicant and their mortgage professional to work together. You will be provided with the various options available to you based on your current financial situation. You will be greeted with many different scenarios and this should help you to feel more confident about whether or not you are making the right decision when it comes to obtaining a mortgage.
The Mortgage Coach app will typically provide you with far more information than you can expect from a loan officer. You will generally receive no more information from a loan officer other than a few quotes and a breakdown of the other costs. The Mortgage Coach will look at every aspect of your financial life, therefore giving an insight into how a mortgage will affect you from day one until it is repaid.
The Mortgage Coach is compatible with iPhone 3GS, 4, 4S and 5s †also with 3rd, 4th and 5th generation iPod Touch and iPad. You will require an operating system of iOS 4.3 or later and the app is fully optimized for iPhone 5. The app is completely free and the latest update saw a few minor bugs fixed, including making the links of the About Us page clickable.
Applying for a mortgage can be one of the most confusing and overwhelming times of your life, therefore it makes a lot of sense to ensure you are aware of all the facts. The Mortgage Coach literally walks you through the entire term of your mortgage, explaining all the major and minor details you will need to know. This is one app that will make your life a whole lot easier if you are thinking of obtaining a mortgage loan.
Author Bio:†This guest post written by Bob Peters, he is a broker working for Benson Mortgages, one of the leading mortgage companies in Toronto. He is a music enthusiast and enjoys attending local music performances for leisure.