Google has launched a mortgage calculator that will allow anyone to quickly figure out how much it would cost to become a homeowner. The announcement which was made by the search engine giant on Tuesday will enable Google search engine users figure out how much it would cost them to own a house. The feature has now been added to Google's search engine on the web at google.com, and also works on desktop and mobile browsers, reports Venturebeat.
"Preparing for homeownership just got a bit easier. Starting today (Tuesday) you can ask Google things like "How much can I borrow at $200 a month?" or "At 5% APR how much can I borrow over 10 years?" You can even adjust the mortgage amount, interest rate, mortgage period and more to see which financial options fit your needs," the company said.
The process of rolling out this new feature was initiated towards the end of last year, and now it is all clear as users can now access the new feature. The feature was first spotted by Moz marketing scientist Dr. Pete Meyers a few hours before Google's official announcement and confirmation came a couple of hours after.
So what are you waiting for? Hurry up to the Google search page and ask all the questions you have always wanted to ask especially about owning a home of your own. This time around you won't need to navigate to a different website to find answers as everything you need to ask about homeownership is available on the search page. You can also adjust the mortgage amount, interest rate, mortgage period, and a lot more in order to figure out which of those options is most suitable to your plan.
Don't have any question to ask? No problem because you can just type in "mortgage calculator" or other financial phrase which hopefully could show up at the top of your search results. According to Venturebeat, the default loan amount has been pegged at $100,000, but with an option to easily adjust it to suit your search.
The interest rate can also be adjusted as well as the period of the mortgage. The widget, which is all part of the new feature announced by Google on Tuesday also shows you the total cost of the mortgage as well as what the monthly payment would look like. However, this seems to be a feature that is applicable only to users within the United States.
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