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MortgageReport.com Launches

A new startup in Newton, MA, MortgageReport.com, unveiled a Web-based service today designed to help homeowners with mortgages better understand their financial situation. The site provides users with data such as the current estimated value of their homes, advises them on whether to refinance, and directs them to available loan options. MortgageReport.com is a sister company to SimpleTuition, which, as we reported in January, raised a $6 million Series C round to support its online guide to student loans.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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