The Ownwell Digest can include up to three "opportunities" to help clients understand how to save money and build wealth through their home:
Interest Savings Module – Estimates savings or costs from switching a mortgage.
Purchasing Power Module – Shows how much home the client could afford if they were to sell their existing home and invest the proceeds in a new one.
Access Equity Module – Highlights equity the client could unlock by refinancing.
About the Access Equity Module
The Access Equity Module estimates how much equity a client might be able to access by refinancing their mortgage. This can help clients finance renovations, purchase an investment property, or achieve other financial goals.
Why This Error Message Appears
This error occurs when the maximum mortgage amount that the client could qualify for, typically because their:
Income is too low relative to their monthly debts, housing expenses, and
The best available rate Ownwell could find is higher than their current rate.
This situation typically arises when current mortgage rates are significantly higher than the client's existing rate.
What Happens Next?
This error does not prevent you from sending the Homeownership Digest. If the Access Equity Module cannot generate an estimate, it will simply be hidden from the digest.