Thursday, May 30, 2013

Zillow Adds Tools For Underwater Homeowners

Seattle-based Zillow launched a new, iPhone version of its Mortgage Marketplace app today, saying that it has added the ability to quote government backed refinancing for "underwater" home borrowers. According to Zillow, it now supports quotes on the special Home Affordable Refinance Program (HARP) and FHA Streamline Refinance, the mortgages which are aimed at helping homeowners who owe more on their mortgages than their homes are currently worth. The loans were already available for quote via Zillow's website. The new feature came along with other enhancements to Zillow's iPhone app, including a new landing page, new quote detail page, redesigned calculators, and more.