Client's with 35% or more in home equity can explore a down-sizing scenario through their Homebot Value Report (watch the gif below):
Using the home value and the loan balance, the Equity Smart Search Calculator calculates the home equity and applies a 7% selling fee + 20% downpayment to provide a cost estimate.
It also applies average rates for a 30-year fixed loan to help your client understand likely changes in their monthly payment.
Clients can send you a message at the click of a button, notifying you that they're interested in learning more about how they could downsize and pocket some of their equity:
The best next step is to call your client and understand their goals better.
If you're a lender:
Ask your client if they're working with an agent or would like to speak with one.
If they haven't started working with an agent, introduce them to someone in your network.
With your client's goals in mind, help them understand their loan options and associated costs.