After I reformatted then changed the hard drive and motherboard on my computer, I had to reload my programs. One of them is a MUST HAVE TOOL that I use on my ipad, iphone and computer. I've been using this since 2008, and can't be without it.
It's Fidelity Agent
I've blogged about this before, and I want to revisit why it's important to me. I am often asked by clients any combination of the following questions:
- How much house can I afford to buy? I don't want to go over a certain amount per month
- How much are our closing costs?
- What are the closing costs?
- How much will we net if we sell our house at a certain price?
- How much will our monthly payments be at 5% down? 10%? 15%? 20%?
- How much will our monthly payments be at 6% interest for 30 years? At 6.5%
- How much will we save if we made an extra mortgage payment a year on a 30 year mortgage?
- Should we rent, or buy?
Before getting Fidelity Agent, typically, I used to cop out by referring clients to lenders and to my escrow manager. Or say "Let me work out some figures and I'll get back with you."
But now, it's a simply a matter of whipping out my iphone, my ipad, or my computer --- whatever tool I have at the moment --- and do the instant calculations. Then show to my clients within seconds, on the spot!
I even lay out a comparison chart like this to illustrate the differences in in their total cash outlay and monthly payments. Note that the closing costs are based on our local scenario (county/city taxes, etc)
Before Fidelity Agent, I didn't have the answers on the spot. Well, with Fidelity Agent, I can!
CAVEAT: Fidelity Agent is NOT the absolute resource. The most exact figures will still come from the lender and the escrow company depending on closing date, etc. But the figures I get from my calculations are extremely close.
Info on Fidelity Agent is not on every Fidelity Title Company site, but here's a link to Fidelity Agent comparisons to other calculation programs.
Call FidelityAgent to talk to a representative
Toll free 1-866-629-5091
639 N Coalter Street
Staunton, VA 24401
Or email us at firstname.lastname@example.org