Summary:

This article describes the different accounts with their abilities and differences.

As you join the site, you can choose between an Guest vs a Registered User account.

There are also the Mortgage Specialist and Realtor special accounts which allow you to add content to the site. These two accounts are an upgraded version of a Registered User account. Details on how to upgrade to these two account types can be done by contacting us at support@ownquity.com

Guest User:

This is most basic user account for trialing or temporary usage. This account is tied to your browser. The information stays with the browser. You can use all the basic site features, such as dashboards, property and mortgage tracking, and updating settings through this account. If you reset your browser history, you will lose access to the account. If you register later, the information must be re-enter again in your registered user account. The account maybe removed automatically after long periods of inactivity.

Registered User:

This account is registered using an identity provider such as Google.com. The account allows the information to be saved and retrieved from multiple browsers.

Mortage Specialist:

This account is a enhanced version of the Registered User Account. This account is for Mortgage Specialists who wants to advertise their contact info on the site. They can update their information such as their affiliated banks, and update mortgage rates/details that will be seen by other users.
This user requires manual upgrad from a regular user account by emailing support@ownquity.com

Realtor:

This account is a enhanced version of the Registered User Account. This account is for Realtors who wish to user the site to create helful calculators for their property listings. They can generate Scan Codes that automatically provide details to users to see if they qualify for the property. This user requires manual upgrad from a regular user account by emailing support@ownquity.com

Summary:

This article shows how you can add a house to your account.
Adding houses to your account will help you:

• Track the financial aspects of the house over time
• Provide a way to calculate financial impact of switching to mortgages, or modifying existing mortgage.

Note: Mobile browsers have a simplified UI which may not contain all controls. For best experience, a desktop browser is recommended.

Steps to add a house:

1. Navigate to the "Your Properties" page using the main menu.

2. Click on the "Add New Home" tile

3. Fill in the required details about the house in the form that appears.

   • Fill In Name of the House as a quick identifier (e.g., "My First Home", "Vacation Home", etc.)
   • Choose a Region of the House. This helps in calculating/Charting property value over time using the house price index data for the region.
   • Fill in the purchase date. This helps in calculating/Charting property value over time.
     • If House is not purchased, uncheck the purchased checkbox. This will exclude the house from your networth/equity calculations.
   • Fill in the value and valuation date of the house. This works in conjunction with the house price index to track property value over time.
   • Fill in the details of thse house if desired. The property Taxes, Heating Cost Per Year, Maintenance Fees Per Month are used to calculate mortgage elegibility.
   • Fill in the monthly rental income if this house is (or planned to be) rented. This will be considered part of your income when performing mortgage calculations.
   • Fill in the yearly expenses if there are expenses such as condo fees etc. This will be considered when calculating mortgage elegibility.

4. Click the "Save" button to add the house to your account.

Additional Information:

• See Adding Mortgage article on how to add mortgages against your home.
• See Home Calculations article on what calculators are available with your home.
• See Home Chart article on how to interpret the generated charts for your home.
• See dashboard article on how to interpret the dashboards for your home equity.

Summary:

This article shows how you can add a mortgage to your account.
Adding mortgages to your account will help you:

• Track the debt aspects of your home over time.
• Provide a way to calculate financial impact of switching mortgages, renewing mortgages, prepayment of mortgage principal and refinancing options.

Note: Mobile browsers have a simplified UI which may not contain all controls. For best experience, a desktop browser is recommended.

Steps to add a mortgage:

1. Navigate to the "Your Mortgage Details" page using the main menu.

2. Click on the "Add Existing Mortgage" tile

3. Fill in the required details about the mortgage in the form that appears.

4. Click the "Save" button to save the mortgage to your account.

Additional Information:

• See Adding Home article on how to add homes to your account.
• See Mortgage Calculations article on what calculators are available with your mortgage.
• See Mortgage Chart article on how to interpret the generated charts for your mortgage.
• See dashboard article on how to interpret the dashboards for your home equity.

Summary:

This article shows how you can add a dashboard to your account.
Dashboards are chart widgets that help track your financial status over time.
They can provide historic data as well as future projections on:

• Your networth over time
• Prime rates over time
• Home price index for areas of interest
• Your home value over time as calculated using home price index in the area.
• Total mortgage remaining for all mortgages.
• Total Principal paid for all mortgages
• Total interest paid for all mortgages
• Cashflow over time

Note: Mobile browsers have a simplified UI which may not contain all controls. For best experience, a desktop browser is recommended.

Steps to add a dashboard:

1. Navigate to the "Financial Dashboards" page using the main menu.
2. Click on the "Add Dashboard" tile
3. Select the dashboard of interest

Note 1: Once a dashboard is added, it will be removed from choice of new dashboards to add

Note 2: The add dashboard time will not be shown if all dashboards are added

Additional Information:

• See Adding Mortgage article on how to add mortgages against your home.
• See Home Calculations article on what calculators are available with your home.
• See Home Chart article on how to interpret the generated charts for your home.

Summary:

This article shows how you can add additional information to help calculate your mortgage ability.
When calculating mortgage eligibility, information such as your income, debts are used to calculate how much you can borrow. Adding this information allows calculations to be accurate and reflect your situation.

Note: Mobile browsers have a simplified UI which may not contain all controls. For best experience, a desktop browser is recommended.

Accessing your mortgage information:

1. Navigate to the "Mortgage Ability" page using the main menu.

The Overview Tab shows your current mortgage situation.

• Total Income represents the information filled in the Income Tab as well as any income generating assets under the Asset Tab.
• Total Assets represents the aggregate value of assets in the Assets Tab
• Total Debts represents the aggregate value of debts in the Debts tab
• GDSR represents your gross debt service ratio, comparison of your monthly income to housing costs (Mortgage, property taxes, heat and fees)
• TDSR represents your total debt service ratio, comparison of your monthly income to housing costs as well as other debts (loans and credit cards)

Modifying your income situation

1. Navigate to the "Mortgage Ability" page using the main menu.
2. Click on the "Income" Tab

The Income Tab allows you to add employment details that can help determine if you are eligible for mortgage.

• Employment Status
  • Salaried employees are the most straight forward for mortgage applications.
  • Self Employed employees carry risk of financial stability. Usually an average of two years income is used during mortgage calculations.
  • Commissioned employees also carry risk of financial stability. Usually an average of two years income is used during mortgage calculations.
  • Unemployed. Passive income is solely used during mortgage calculations
• Profession
  • Select your profession area. They may have an impact during mortgage approvals.
• Yearly Income
  • Enter in your estimated yearly income.
    • For Salaried employees, enter your yearly salary
    • For Self Employed/ Commissioned employees, enter in your average salary from last two years.
• Credit Score
  • Enter in your credit score. This is an important number in determining mortgage eligibility.

Spousal Income maybe also used during mortgage calculations

• Enter in spousal income details if you wish to consider this in mortgage eligibility.

3, Click the "Save" button to save your income details to your account.

Modifying your assets

1. Navigate to the "Mortgage Ability" page using the main menu.
2. Click on the "Assets" Tab
3. Add assets by using the "Add Asset" Button.
4. Delete assets by using the "delete" button under the "Actions" column of the "Assets" tab.
5. Modify asset information using the "edit" button under the "Actions" column of the "Assets" tab.

Assets Tab allows you to add assets that may give you passive income. Assets maybe also used for collateral mortages against their value.

Modifying your debts

1. Navigate to the "Mortgage Ability" page using the main menu.
2. Click on the "Debts" Tab
3. Add debts by using the "Add Debt" Button.
4. Delete debts by using the "delete" button under the "Actions" column of the "Debts" tab.
5. Modify debt information using the "edit" button under the "Actions" column of the "Debts" tab.

Debts Tab allows you to add debts that may affect your monthly income. This information is used during calculating TDSR/GDSR ratios during mortgage eligibility calculations.

Modifying your guarantors

1. Navigate to the "Mortgage Ability" page using the main menu.
2. Click on the "Guarantors" Tab
3. Add guarantors by using the "Add Guarantor" Button.
4. Delete guarantors by using the "delete" button under the "Actions" column of the "Guarantors" tab.
5. Modify guarantor information using the "edit" button under the "Actions" column of the "Guarantors" tab.

Guarantors are optionally considered during mortgage calculations if your income is not enough to qualify for a mortgage.

Additional Information:

• See Adding Mortgage article on how to add mortgages against your home.
• See Home Calculations article on what calculators are available with your home.

Summary:

This article shows how you customize site settings.

• You can set your name and email.
• You can set your preferred language
• You can set your chart preferences
• You can manage and delete your account

Note: Mobile browsers have a simplified UI which may not contain all controls. For best experience, a desktop browser is recommended.

Steps to customize site settings:

1. Navigate to the "Site Settings" page using the main menu.

2. Fill in the details as desired.

3. Click the "Save" button to update your information.

Additional Information:

• See accounts article on the difference account types.