Do you wonder how falling interest rates affect your buying power for your next house? Home Buying Power is a tool that helps you quickly determine how much house you or your client can afford. This is an essential tool for the Real Estate Professional or the home shopper to quickly focus a home search on the right price point. By entering in your desired payment or your income percentage, your down payment, loan term and interest rate, Home Buying Power helps you calculate the price point of homes you can afford. With current market conditions requiring higher down payments, many people are down payment limited. By entering in the required down payment percentage for the market you are in, Home Buying Power can analyze whether your desired payment is consistent with your available down payment. If you are down payment limited, Home Buying Power will tell you, and give you the payment amount for the maximum priced home you can afford based on your down payment.
Home Buying Power also includes a powerful mortgage payment calculator with a "Detail" view that includes fields for the properties MLS # and address. The detail view also has fields to enter the most significant fees due at closing and estimates an amount due at closing. Also includes a notes page for typing in your impressions of a property. Home Buying Power then lets you easily email this information to your client. You can also save the mortgage calculations with the listing detail to create a shopping list of prospective homes. Press the info button next to the address field to see the address in the maps application where you can look at the satellite image or get driving directions to it.
Home Buying Power Features:
-A Buy Power calculator to help you determine your price range for your house search based on your income, desired monthly payment, or down payment when a minimum down payment is limiting your purchase power. **New** Now has the option to include property taxes and insurance**
-A sophisticated mortgage calculator that lets you enter in down payment amount in percent or dollars.**New** Now includes PMI*
-A listing detail view to help you estimate closing costs and easily email information on a listing to your client and save properties to a shopping list. *NEW* Includes a button to easily call your client from Home Buying Power.
-An amortization table for the mortgage amount
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