Welcome to the Awesome Power of Christee.

Overview of AskChristee Modules

AskChristee is a platform which consists of 16 unique modules. Each module provides unmatched information for specific real estate transactions. This information is not available on any other platform.

Below is a description of each module. You may also watch the ‘AskChristee Modules’ video in the resource section.

Additionally, each module has a help button with step-by-step instructions.

Note. Required Cash equals Down Payment plus Closing Cost Minus any Credits.

Quick Start

The Quick PreQual or The Quick Buyer Choice modules allow the user to either project a sales price or analyze loan options for a specific property based upon a desired monthly payment without the necessity of entering credit score, income, or monthly debts. For more concise results, run either Buyer PreQual or Buyer Choice module.

  • Detailed Total Monthly Payment including Property Taxes & Insurance
  • Mortgage Insurance Premiums for all loan types when applicable
  • Effects of Location on Home Price, Loan Amount, and Closing Cost
  • Detailed analysis for Conventional, FHA, VA, and USDA loan options
  • Availability and Maximum loan amounts for selected Area  including Jumbo Loans
  • Effects on loan type for Total Cash Required and Monthly Payment
  • Estimated Annual Mortgage Tax Deduction
  • Results for Minimum Cash Required for each Loan Type
  • Impact of Spending More Cash on Total Monthly Payment
  • Detailed Closing Cost and Total Required Cash based upon Area
  • Options to reduce Total Cash with Seller or Lender Credits
  • Complete report available via PDF file for reference and Lender discussion

Buyer PreQual Module

The First Step in the home buying process should be to develop a financial strategy. Christee’s Buyer PreQual module provides unique analytics to maximize purchasing power with best utilization of cash and an affordable monthly payment. Optional inputs allow customization to lender-specific criteria

  • An ‘Affordable Monthly Payment’ and Affordable Price Home
  • Effects of monthly debts and credit score on an Affordable Home Price
  • Effects of Location on Home Price, Loan Amount, and Closing Cost
  • Detailed analysis for Conventional, FHA, VA, and USDA loan options
  • Availability and Maximum loan amounts for selected Location including Jumbo Loans
  • Effects on loan type for Total Cash Required and Monthly Payment
  • Impact of interest rates and loan term on Home Price and Monthly Payment
  • Impact and cost for potential temporary Interest Rate Buydown
  • Estimated mortgage Tax Deduction and Tax Savings based upon user’s tax bracket
  • Maximum Price Home with Minimum Cash and impact of spending Available Cash
  • Detailed Closing Cost and Total Required Cash based upon area
  • Options to reduce Total Cash with Seller or Lender Credits
  • Comparison of Mortgage Insurance Premiums for all loan types
  • Payment and Debt-to-Income Ratio for all selected loan types
  • Complete report available via PDF file for reference and Lender discussion

Buyer Choice Module

The Second Step is to formulate best financing options for a desirable property. Within seconds, this module will provide you with detailed loan options for a specific property. Christee technology provides the information to make smart decisions.

  • Comparison of different loan programs including required Cash and Monthly Payments
  • Comparison of Mortgage Insurance Premiums for Conventional, FHA, and USDA loans
  • Option to purchase with Minimum Cash including Closing Cost and Affordable Payment
  • Impact of spending additional cash beyond Minimum Required Cash option
  • Options to reduce required cash with Seller or Lender Credits toward Closing Cost
  • Payment impact and cost of optional 3-2-1 or 2-1 Interest Rate Buydown
  • Availability and Maximum loan amounts for loan types selected
  • Evaluate options based upon loan amount, loan-to-value, or monthly payment
  • Potential Tax Deduction and Tax Savings based upon user estimated tax bracket
  • Evaluate different offer prices and impact on Cash and Monthly Payment
  • Detailed Closing Costs based upon desired closing date including property tax adjustments
  • Payment and Debt-to-Income Ratios for each loan type selected
  • Complete report available via PDF file for reference and Lender discussion

Buy or Wait Module

The Buy or Wait module provides objective and accurate data when deciding the right time to purchase a home.

  • Evaluation of higher or lower future Home Prices
  • Evaluation of higher or lower future Interest Rates
  • Comparison of today and future Monthly Payments
  • Detailed Total Cash Requirements for purchase today or waiting
  • Estimate of Tax Deduction and Tax Savings for up to a 5 year wait period
  • Debt-to-Income Ratios and potential Home Equity
  • A detailed summary analysis in PDF format

Buy or Rent Module

Buy or Rent Module provides all the analytics for making an informed decision to either rent or purchase a home within a period of time. The report is for up to 5 years.

  • Mortgage Payment vs Rent including potential Tax Savings
  • Total Cash Required for purchasing including Down Payment and Closing Cost
  • Cash Growth (cash required to buy) analysis for Renting vs. Buying

Reverse Mortgage Purchase Module

For those 62 years or older, a reverse mortgage could be a viable purchase option. This one-of-kind module provides complete analytics for buying a home with a HECM loan.

  • Projected maximum Price Home and Cash Requirements based upon age and location
  • Purchase Price option based on Available Cash, Location, & Age
  • Projected annual requirements for Property Taxes and Insurance
  • Projected Accrued Interest, Loan Balance, and Potential Negative Amortization
  • Options for buying a specific house based upon age and Available Cash

Vacation Home Module

The Vacation module provides all relevant data for purchasing a vacation home, which is very different from buying primary home. This module includes an option to project an affordable 2nd home price or available finance options to purchase a specific property.

  • Target Monthly Payment and associated 2ndHome Price
  • Impact of location on Home Price, Closing Cost, Required Cash and Monthly Payment
  • Impact of Interest Rate and Loan Term on an affordable price 2nd home
  • Options to purchase with Minimum Cash and spending Available Cash
  • Potential Mortgage Deductions for primary and second home as well as estimated Tax Savings
  • Impact of potential Seller or Lender Closing Credit
  • Potential Property Tax increases for non-owner-occupied properties
  • Payment and Debt-to-Income ratio including primary home mortgage payment
  • This module also includes available Options for Buying a Specific 2ndHome including ability to set Loan Amount, Desired Payment, Loan-to-Value or Available Cash
  • Complete report details available in PDF format

Investment Property Module

Complete analytics for evaluating a potential income producing property including all investment ratios.

  • Total Cash required including Closing Cost based on location
  • Options to reduce Cash including Seller or Lender Credit
  • Depreciation schedule based upon Acquisition Cost with optional Cost Segregation Method
  • Debt service, Cash Flow, ROI, Net Operating Income (NOI), and Cap Rate analysis performed
  • Projected Property Value, Equity, and estimated Capital Gains
  • Estimated federal and state Capital Gains and Recapture Tax
  • Private financing and ‘All Cash’ options available
  • Additional details available in PDF file format

Closing Cost Module

Depending upon location, Closing costs can  be a pricey aspect of real estate transactions – often exceeding minimum down payment requirements. Cost are displayed in a easy-to-read format and includes estimates for property escrows. 

  • Costs based upon desired closing date and calculation of first monthly payment date
  • Costs based upon Property Location, Loan Type, Lender Fees and Origination Fees
  • Base and Total Loan Amounts including complete Mortgage Payment
  • Interim Interest and proration of Property Taxes, Title Insurance Premiums, Lender Escrow, Abstract and Closing Fees, Transfer and Documentary Fees
  • Capability to add Seller Credits, desired Loan Amount, and Down Payment
  • Total required Cash including Down Payment and Closing Cost based upon Loan Type

Note: All AskChristee modules include a detailed estimate of closing cost.

Monthly Budget Module

Analyze your monthly budget requirements including potential new mortgage payment. The goal is to identify your monthly discretionary (available) cash. 

  • Base and Total Loan Amount with Mortgage Payment including federal and state Income Taxes
  • Budget includes estimates for monthly Social Security and Medicare Tax
  • Total Monthly Obligations as dollar amount and percentage of Monthly Income
  • Dollar amount and percentage of Discretionary Income

Amortization Module

Amortization is the process of retiring a debt by first applying payment to interest due and then to the principal balance. 

  • Monthly Principal and Interest Payment and Total Interest over life of loan
  • Ability to compare Amortization for different Interest Rates and Terms
  • Annual allocation of Interest and Principal Reduction
  • Option for Extra Principal Payments and Required Payment to shorten Loan Term

Seller Net Module

This module will provide detailed seller closing cost based upon location.

  • Local Transfer or Documentary Fees plus Abstract and/or Closing Fee
  • Seller paid Title Insurance, Real Estate Commissions plus proration of Property Taxes

Home Wealth Analysis

The ‘Home Wealth Analysis’ module allows you to forecast potential future equity or wealth. The projection is provided year to year and is based upon user input of expected appreciation.

  • Monthly Payment and Year by Year Amortization Schedule.

  • Total Payments to Principal, Interest annually and lifetime.
  • Future Home Value based upon annual rate of property appreciation.

  • Annual Forecast of Equity based upon home value and loan balance.

  • Evaluate Impact of additional principal payment to future equity growth.

Payment Subsidy

A payment subsidy or buydown program allows the borrower to reduce the required monthly payment during the first 1, 2 , or 3 years of their mortgage.

  • Annual Payment reduction for buydown period.

  • Annual and Total Cost of buydown as a percent of purchase price.

  • Dollar Amount to be deposited with Lender for ‘Buydown Period’.

  • Results Include 3-year, 2-year and 1-year Payment Subsidy Options.

Consumer Debt

Most people fail to understand the negative financial impact of consumer debt – such as credit cards or auto loans. This module  provides vital information such as:

  • Minimum Time to payoff consumer debt based upon monthly payment and interest rate.

  • Total Interest over the lifespan of the debt.

  • Comparison of same amount of consumer debt compared to mortgage debt.

Please visit our video library for additional information for each module.

AskChristee technology allows you to be a smarter home buyer.

We hope you enjoy your Christee experience!