Buying a home should be one of the momentous events of your life. To make it a little easier, Google and the Consumer Financial Protection Bureau (CFPB) worked together to create a mortgage guide for homeowners. Googling “mortgage”; now takes up a panel full of information, including a mortgage guide, calculator and mortgage relief information.
Google divides its new mortgage panel into a series of tabs. The Overview tab covers basic credit-related terms such as “APR” and “equity”, while the Process tab gives you a step-by-step guide to buying a home. Tabs for calculating your mortgage rate give you an idea of what to pay for a home before you sit down to choose a loan.
Due to record low mortgage rates, Google also includes mortgage news tabs, refinancing information and sources in its mortgage panel. These tabs link to websites with mortgage news and advice on refinancing your loan.
The Google panel is only available when you search for “mortgage” on your smartphone. It’s not available on the desktop yet, and it’s exclusive to potential home buyers in the United States.
Source: Google via Engadget