Borrower experience ยท Demo

Your goal

Buy a home in Charlotte, NC. Everything below works backwards from that.

Target location
Charlotte, NC
Target purchase price
$375,000
Comfortable monthly payment
$2,400/month
Target timeline
6-12 months

Your path

Where you are today, and what would need to change.

Cash

Needs work

Today: $12,900 saved

Needed: ~$24,000 for down payment and closing

Credit

On track

Today: 28% utilization

Needed: Under 30% utilization

Income / DTI

Improving

Today: $1,050 monthly debt

Needed: Under $900 monthly debt

Monthly payment alignment

Watch

Today: Comfortable at $2,400

Needed: $375K scenario runs near $2,590

Your next actions

Three things that move the goal closer.

  1. 01

    Set a $425 automatic transfer on the 1st and 15th.

    Why: Cash reserves are now the largest gap between today and your $375K target.

  2. 02

    Pay the $2,300 auto loan balance ahead by two payments.

    Why: Clearing it early removes $310 a month from your obligations.

  3. 03

    Hold your cards under 30% through the next two statements.

    Why: Utilization has to stay where it is for the improvement to count.

4 of 6 current actions completed.

Your homebuying team

A

Andrew

Mortgage Advisor

Mentra is helping you work toward your homeownership goal between conversations with Andrew.

Milestone reached

You have reached an important milestone. It may be a good time to reconnect with Andrew and review your updated numbers.