What Homebot Teaches You About Your Home

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What Homebot Teaches You About Your Home

“Homebot told me exactly what I could take out in cash to remodel my kitchen and bath and add a full bedroom. I added another $75,000 in equity on a $25,000 investment!”

Homebot won the 2019 HousingWire Tech100 Award

Homebot is a mobile-responsive web application for homeowners that delivers a financial dashboard for your home. It tracks home equity and presents a personalized finance strategy for each client, that changes dynamically over time. Homebot truly is a tool designed to empower and benefit the average homeowner.

Homeowners leave billions of dollars in unrealized wealth on the table every year due to a lack of knowledge and guidance. This personalized dashboard gives homeowners and buyers multiple financial scenarios to make smarter financial decisions and to build their wealth.
  • Understand when you can drop mortgage insurance
  • Understand when to refinance 
  • Understand when to purchase
  • Purchasing power for second home or trade up
  • See the wealth power of extra principal payments
  • Get smart about wealth from short-term rental
  • Understand your mortgage – interest vs. principal
  • Know your total cash-out power
  • Understand available loan options
  • Find the best markets for your 2nd home or investment property
I want the Homebot App

Homebot – A Financial Dashboard App for Your Home!

Are you a homeowner? Have you been wanting an app that will track your home’s value, equity, and payment progress? Homebot is a financial planner that empowers you to maximize the wealth of one of your largest assets – Your Home! Here’s what you can anticipate by signing up for this free app.

Knowing your home’s value is just the beginning

Homebot pulls data directly from the local MLS, public records, and RealtyTrac, a real estate information company. These resources provide accurate data, so you can rest assured the information you are receiving is the next best thing to having your agent generate a comparative market analysis or having an appraisal performed by a professional appraiser.

Keeping yourself abreast of your home value is a great idea. Why? Just look at these reasons… several benefits of knowing your home’s true value.

1) Selling a House
If you are selling, you absolutely need to know the value of your home to determine the selling price.
“Before Homebot, I would have listed my house for much less than its potential.”
2) Refinancing
Whether it is refinancing to get a better rate, lower payments, or taking cash-out to help you make home improvements, knowing your home value tells you how big a mortgage you can take.
“Homebot told me how much I’d save with a Refi and connected me with my lender. I’ll save $194,000 over the life of my new loan.”
3) Getting a Line of Credit
Sometimes refinancing to get cash-out may not be ideal if your interest rate is lower than the market. Knowing your home value will help you make the decision if a Home Equity Line of Credit is something you qualify for.
“Homebot told me exactly what I could take out in cash to remodel my kitchen and bath and add a full bedroom. I added another $75,000 in equity on a $25,000 investment!”
The Wood Group | Free Homebot App

Get Loan Balance & Payoff Reports

Watching your principal vs. interest is important when it comes to how much equity you have in your home. The lower your principal balance is, the higher your home’s equity will be and the more room you have to use that equity to build your own personal wealth.

Because home sales are public record, Homebot will automatically use your home loan details to base its calculations. You can use this data to determine whether or not it makes sense to pay an additional amount towards principal each month or if it’s time to refinance your loan on a shorter term or for a lower interest rate.
The Wood Group | Free Homebot App

Explore Refinancing Scenarios

Is paying your home off sooner a goal of yours? Homebot allows homeowners to explore various refinance scenarios based on current national rate trends and breaks down your long-term savings and impact on your monthly payment amount. Each refi scenario will identify potential risks and benefits.

If you need help interpreting your options, I can provide you with the names of some highly-accredited lenders who would be happy to review your best, money-saving options with you.

The Wood Group | Free Homebot App

Estimate Your Home’s Rental Possibilities

Is paying your home off sooner a goal of yours? Homebot allows homeowners to explore various refinance scenarios based on current national rate trends and breaks down your long-term savings and impact on your monthly payment amount. Each refi scenario will identify potential risks and benefits.

If you need help interpreting your options, I can provide you with the names of some highly-accredited lenders who would be happy to review your best, money-saving options with you.
The Wood Group | Free Homebot App

Build Your Wealth

If you are trading up to a new home, Homebot breaks down how much purchasing power your home’s equity can give you. For example, you could take out a home equity line of credit on your home and use that to put a down payment on a new home. Then, you have the option to keep your old home as a rental or sell it after you close on the new home.

If paying off debt is more important to you, a “cash-out refi” may be the better route for you. You could use these funds to pay off debt like credit cards, pay down your student loans or make home improvements/updates to increase the value of your home. The options are endless!
The Wood Group | Free Homebot App
The Wood Group | Free Homebot App
I want the Homebot App

Thank You

Helping people achieve the dream of home ownership or selling your home is a privilege we don’t take lightly. At the Wood Group Realtors, we are well aware it’s clients like you who are largely responsible for the word of mouth referrals we receive. To say thank you in a more tangible way I’m excited to let you we’ve invested in Homebot and you will be enjoying free of charge. Here is the link to get your Homebot Application.