This App Showed a Busy Mom How to Save $44K on Her Mortgage

A busy working mom, Molly Moorhead spends every hour of the day juggling her job and her family. She doesn’t have a lot of spare time to explore all of her financial options. Seriously, who has time for that?

“Life can get pretty crazy. Kids get sick all the time. They have a lot of needs,” said the mother of two young boys. “In the meantime, I want to come to work every day and do a great job.”

It’s a lot.

That’s why she downloaded LendingTree’s new app.

“It asked for my income, it asked for my monthly expenses, and then it spun its magic,” said Moorhead, a senior editor at The Penny Hoarder.

In one window on her phone, the app shows Moorhead her credit score, cash flow and potential financial future.

How the LendingTree App Can Boost Your Financial Future

Through the free LendingTree app, you can:

  • Monitor your credit score and find places to improve it.
  • Keep an eye on savings, investments and home equity to see how you’re keeping up with your goals.
  • Be alerted of opportunities to spend less on big expenses, like your mortgage, insurance and student loans.
  • Shop around and compare financial products, including loans, insurance and credit cards, to get the best rates and save money.

It paid off quickly for Moorhead: In no time at all, the app found a way for her to save $44,000 by refinancing her mortgage. She was floored.

“I was thrilled,” she said. “There’s a lot I can do with that much money,” like save it for retirement or her two sons’ college educations.

“When I get home at the end of the day, my kids want my attention,” Moorhead concluded. “This app has been great for me because it’s done so much of the work that I don’t have time to do — and that’s time that I can spend on my family.”

You can download LendingTree’s app here.

This represents one person’s experience. Results may vary.