To view a property's mortgage information:
- Go to Contacts from the left sidebar.
- Select a contact.
- Select a property from the panel on the right.
- Scroll down to the Mortgage Insights section to view the following mortgage information for that property:
- Mortgage History: Click View Mortgage History to view a timeline of mortgage details for that property, including the borrower name and loan amount.
- Estimated Equity: The estimated equity value of a property by subtracting the remaining mortgage balance from the home value. Hover over this to view a breakdown. These details are based on the primary mortgage.
- Mortgage Balance: The remaining balance of the primary mortgage. Hover to view a breakdown of the original loan amount and the paid off amount.
- Current Mortgage: Details of the current mortgages on a property, including the Loan Amount, Loan Term, Interest Rate, Position (Primary, Secondary, HELOC), and Current Balance.
- Refinance Opportunity: Highlights potential refinancing opportunities for your contact by comparing their mortgage's interest rate to today's interest rate, and shows you the monthly savings (displayed in red if the monthly payment amount is more and displayed in green if the monthly payment amount is lesser.)
Using Mortgage-Related Filters
You can filter your list of contacts based on their property's mortgage information. Here's how:
- Go to Contacts.
- Click the Filter icon.
- Click the Filters button at the top of the list.
- Type "mortgage", "equity", or "home value" to view a list of all related filters. Learn more about these filters.
- Select a filter.
- Add conditions as required.
- Click Apply.
Understanding Mortgage-Related Filters
- # of Mortgages: Filter contacts based on the number of active mortgages on a property.
- Remaining Mortgage Balance - Filter contacts based on their property's current remaining mortgage amount.
Note: If a property has multiple mortgages, then then the total remaining balance for all those mortgages is considered when filtering.
- Mortgage Amount - Filter contacts based on their property's mortgage loan amount.
Note: If a property has multiple mortgages, the loan with the highest amount is considered for this filter.
- Mortgage Term - Filter contacts based on their property's mortgage loan term (in years).
Note: Properties with multiple mortgages will be considered for this filter if any of the mortgages match the specified criteria.
- Mortgage Interest Rate - Filter contacts based on the interest rate (in percentage) of their property's mortgage.
Note: Properties with multiple mortgages will be considered for this filter if any of the mortgage's interest rates match the specified criteria.
- Mortgage Type - Filter contacts based on the type of mortgage associated with the property.
- Mortgage Interest Type: Filter properties based on how the interest is structured or applied (fixed, adjustable, etc.) on mortgage loans.
- Mortgage Position: This indicates the loan’s lien priority or position relative to other claims on the property. The mortgage position could be primary, secondary, or HELOC.
- Mortgage Origination Date: Filter contacts based on the date when the property's mortgage was first taken. This could be helpful to find contacts with older mortgages that now have revised interest rates.
- Mortgage to Last Sold Price %: Filter contacts based on the percentage of the property's mortgage loan amount relative to its last sold price. This metric is usually related to calculating the cost of Private Mortgage Insurance (PMI).
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Estimated Current Equity $: Filter contacts based on how much equity they currently have in their property. This is estimated by subtracting the total remaining mortgage balance from the property’s current market value.
- Equity Change Since Purchase $: Filter contacts based on how much their equity has increased or decreased since they bought the property. This is calculated by comparing the equity they had at purchase with their current estimated equity.
- Home Value Change Since Purchase $: Filter contacts based on how much the value of their property has gone up (or down) since it was purchased. This is based on the difference between today’s estimated home value and the original purchase price.
- Equity At Purchase $: Filter contacts based on how much equity they had in the property when it was purchased. This is the difference between the purchase price and the original loan amount (typically the primary mortgage).
- Estimated Current Equity %: Filter contacts based on what percentage of their property’s current value is owned outright. This is determined by comparing the estimated equity to the current home value.
- Equity at Purchase %: Filter contacts based on what percentage of the property was owned (not financed) at the time of purchase. This is calculated by comparing the initial equity amount to the original purchase price.
- Equity Change Since Purchase %: Filter contacts based on how much their equity has changed, in percentage terms, since the property was purchased. This looks at the growth in equity compared to what they originally had at the time of purchase.
- Home Value Change Since Purchase %: Filter contacts based on how much the property’s value has increased in percentage terms since it was purchased. This is based on the percentage difference between the current estimated value and the last sale price.
- Mortgage to Last Sold Price %: Filter contacts based on what portion of the property’s last sale price was financed through a mortgage. This is a common indicator of whether the buyer might have needed mortgage insurance (PMI).
- Outstanding Principal Balance %: Filter contacts based on how much of their home’s current value is still owed through one or more mortgages. This is calculated by comparing the total remaining mortgage balance to the property’s current estimated value.