HomeStretch by NFM 4.11.1

HomeStretch is a digital financial assistant provided free of charge through an invitation from your trusted Loan Officer. Its primary purpose is to facilitate your preparation for homeownership and support the management of your overall financial life.

Centralized Information: The HomeStretch dashboard offers a comprehensive overview of essential financial data, including account balances, recent transactions, net worth, budget tracking, credit score, cash flow analysis, estimated home value, spending insights, and current offers or promotions from your financial institution. Additionally, an information center provides access to personal finance articles and videos, consolidating resources into a single platform.

Budget Management: The platform allows users to monitor their expenditures by categorizing expenses and drilling down into subcategories. Alerts notify you if spending deviates from your planned budget or confirm when you remain on track, enabling better spending awareness.

Credit Monitoring: Your credit score is prominently displayed on the dashboard at no cost. The system tracks changes month-to-month and explains the key factors influencing your score, such as credit history length, timely payments, credit utilization, total accounts, and inquiries. Checking your score involves a "soft pull," which does not affect your credit rating. Additionally, you can review your credit report for accuracy and access educational articles about credit bureaus and scoring.

Preparation Tools: The platform assists you in working with your financial partner or institution to optimize homeownership readiness. Features include planning for a down payment, establishing reserves, managing debt-to-income ratios, maintaining or improving credit scores, running loan scenarios with calculators, and estimating loan-to-value ratios. The readiness assessment provides a snapshot of your credit status, employment situation, debt levels, cash reserves, and home affordability metrics.

Property Search: Whether purchasing your first home or considering a move or downsizing, you can use the platform to search local and national real estate listings. You can filter searches according to your budget, view open house schedules, save favorite properties, and maintain customized search criteria for efficient property exploration.

Data Sharing: When ready to proceed with financial transactions, you select specific accounts to share with your financial institution. All shared data is encrypted to ensure confidentiality and security.

Security Measures: Protecting user data is our highest priority. You can be confident that all connected financial accounts and uploaded documents are secured through robust security protocols. More information is available here: https://www.finlocker.com/security/

Privacy Policy: Your privacy is paramount. For details on how we safeguard your personal information, please review our privacy policy here: https://www.finlocker.com/privacy-policy/