A Commonwealth Bank iPhone app will enable users to calculate estimated home loan repayments.
Commonwealth Bank consumers who own an Apple iPhone can now download an app that will allow them to calculate monthly home loan repayments on a particularly property.
The organisation - which offers a range of Commonwealth Bank credit cards - maintained that the rate will only be an estimate, although it is designed to give someone a better understanding about whether they can afford a specific house.
The Property Guide function can also evaluate the profile of a home, which includes the number of bedrooms and bathrooms among other features.
Sales histories of individual homes can be brought up on a person's mobile phone screen, while recent purchases in the local area can also be attained.
Moreover, individuals who are saving up for a house might like to use a low-rate credit card as the products can be useful for those who want to try to put some cash away, the Daily Telegraph's John Rolfe noted earlier this month.
By Mark Hornby
