Home Equity Monitoring and Projections
jmine83
Member ✭✭
I want a new section, to link to an existing mortgage account, that adds the following as additional columns in the register view with each mortgage payment transaction:
Value: The current value of the home property (bonus points if it pulls directly from Zillow)
Equity: The value of the home minus mortgage balance
Percentage: The equity amount of the home divided by the home value
Especially useful for monitoring when the equity reaches the 20% mark that banks consider the point where the homeowner can request to remove the mortgage insurance.
Value: The current value of the home property (bonus points if it pulls directly from Zillow)
Equity: The value of the home minus mortgage balance
Percentage: The equity amount of the home divided by the home value
Especially useful for monitoring when the equity reaches the 20% mark that banks consider the point where the homeowner can request to remove the mortgage insurance.
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