Fintech Lower.com added HomePass™ Valuation to its suite of tools to help homeowners gain more insight into their current equity as they’re trying to sell, the company announced.
The tool, part of the HomePass™ Move First program, gives homeowners an instant offer on their home, allowing them to skip the showings and sell their house with less uncertainty about their equity amount.
Homeowners will also be able to offer cash for their next home through the program.
After accessing the valuation tool, they’ll have an “instant equity amount” and be pre-approved for a mortgage, so they know what they can afford to buy.
Once they find a home, they’ll be able to make an all-cash non-contingent offer while financing with Lower.com behind the scenes. After the move, their old home will be prepped and listed for sale.