Finance

Shopping for a mortgage? Google is now a licensed mortgage broker.
The tech giant launched Google Compare for mortgages on Monday, with which to find potential home buyers and to compare home loans.

If you buy a home, experts recommend to help you find the shopping malls, the best mortgage terms. Compare with Google, the users will be able to provide personal information, including typing in property value, deposit size and approximate credit score be to achieve customized results. The results also show lenders ratings and reviews.
Homeowners can also use the tool to refinance their mortgages.The product is currently only available in California are available, but the company plans to expand into other states.

Google is registered as a licensed mortgage broker. Although the company is not to finance mortgage, is it has partnered quotes from local and national lenders with, includingZillow (Z) and Lending Tree (Tree) to aggregate, to help users find the best mortgage.

Google (GOOG) acknowledged that lenders based participation in a flexible cost-per-lead model, which means the company will be paid by the lender.The mortgage comparison tool adds Google Compare the offer, which also offers the users to look for car insurance quotes and a credit card to shop.