Thursday, July 23, 2009

Zillow Launches Mortgage Comparisons

Seattle-based real estate site Zillow.com, is expanding its tool set today, saying this morning that it has introduced a new mortgage comparison feature within its Zillow Mortgage Marketplace. Zillow said that the new comparison feature will calculate, up front, how much a borrow will pay in interest and fees for a loan, and compare that across lenders. Among features of the tool are ability to see the amount of interest and fees paid over 5, 10, or 20 years, and also lets homeowners see how much principal they will be paying. The company said that borrowers submitted over 47,000 loan requests on the site in June.