LoanMagic vs Mortgage Hero

*The LoanMagic app requires an ACTIVE HOME LOAN. Ask your mortgage lender for a FREE invitation with your unique login! The LoanMagic app lets borrowers manage the entire loan process. Keep track of your loan status in real-time. Send, receive and sign your loan documents. Message your mortgage team instantly, and schedule important events right to your calendar! REAL-TIME LOAN STATUS UPDATES Follow your loan progress in real-time. The loan tracker means you’ll always know where you are in the loan process. Each stage of the loan process is clearly explained and LoanMagic’s push notifications ensure that you never miss critical dates. SEND DOCUMENTATION TO YOUR LENDER VIA THE APP No more copying, faxing or mailing files to your lender/broker. It’s so easy, and fast, to take pictures of documents or upload them to the app. Now your loan files are secure and organized in one place to share with your lender via LoanMagic’s encrypted integrations. (Share files via Dropbox, GoogleDrive, Box, and MS OneDrive). REVIEW & SIGN DOCUMENTS Complete and sign your loan documents right from the app. eSigned documents are automatically sent to your lender via LoanMagic’s secure & encrypted connection. COMMUNICATE PRIVATELY & SECURELY WITH YOUR MORTGAGE TEAM Get your questions answered immediately. LoanMagic’s secure chat feature stops the endless back-and-forth of email and voicemail. LoanMagic gives you everything you need to manage and close your home loan in one convenient place. CONNECT Support https://www.docmagic.com/support About us: www.docmagic.com If you’re a Lender or Settlement agent who wants to offer the LoanMagic app to your customers, please contact us at https://www.docmagic.com/webservices/contact/

Mortgage Hero helps you get the complete picture of your mortgage. You can easily calculate the estimated payment, compare different loan terms and view amortisation. The convenient Affordability Calculator let you determine comfortable mortgage amount based on you current income. Add Property Tax, Home Insurance and HOA fee and see the real cost of owning the house. Key Features of Mortgage Hero: —Mortgage Payment calculator —Affordability calculator. Easy to use Mortgage Calculator: • Your data is securely saved on your device. No third party access to your valuable data. • Real time Mortgage Payment visualisation updated while you adjust the mortgage parameters and additional costs • Add Down Payment • Select Mortgage Term - 30 years, 20 years, 15 years, 10 years • Specify Interest rate • Add Property Tax to see the real cost of ownership • Add Home Insurance • Add HOA fee to the monthly payment • Add PMI(private mortgage insurance) to the monthly payment • See the total paid amount • See ratio of the interest paid to the mortgage amount (updated in Real time!) • See the mortgage amortisation Convenient Mortgage Amortisation: • See how much Interest and Principal are paid over time. • Graph of the remaining balance over the years. • View a detailed monthly Mortgage Amortisation breakdown with the amount going toward the principal and the accumulated Interest. The best of all is that the Mortgage Hero is an independent app: - We are not selling your info. - We are not trying to suggest you offers from "friendly" lenders. - We have YOUR best interest in mind.