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Module Overview: Purchasing Power

Learn about the purchasing power module: Buying an investment property or trading up to a new home

Erica McGarvey avatar
Written by Erica McGarvey
Updated over 10 months ago

The "purchasing power" module allows homeowners to see what they could potentially afford using the equity in their home, such as buying a second home as an investment property or trading up to a bigger home.

This provides homeowners with specific, actionable information about what they can actually do with their equity with the ability to contact you at the click of a button.

See a tour of this module below:


Learn more about the purchasing power options below:


  • Get your dream home - In this scenario, the homeowner sells their current home and uses that money (minus 7% selling costs) as a downpayment on their dream home.

  • Buy a rental property - In this scenario, the homeowner can take out equity up to 70% combined loan-to-value and use it as a 30% down payment on a rental property. If the homeowner doesn't have 70% combined loan-to-value, they will see alternative information suggesting they wait until they have enough equity.

  • Rent your home and buy another: In this case, the homeowner uses up to 80% combined loan-to-value in equity to make a 25% down payment on their new home. Then, after moving, they keep and rent their old home.

  • Sell and pocket the cash: Easiest scenario of all. The homeowner sells their house and pockets the full equity minus 7% selling fees on the final sales price.

Please note: These modules only display when a homeowner has at least a 75% loan-to-value ratio totaling at least $10,000.


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