20 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P
X2
(Cont’d)
After
s
,
Keep
Description
Pressing
(Press
+
to Advance
=
:
Display
within each category,
–
to Back up):
8
Beginning or End Mode
- TYP END —
End Mode
(Default)
- TYP BEG —
Beginning Mode
9
P-A-P/EB P-A-P Payment Cutoff
- YRS 5.00
P-A-P PMT —
Shows the first five payments only.
(Default)
- YRS 1.00
P-A-P PMT —
Shows the first payment only.
- YRS nonE
P-A-P PMT —
Does not show any payments.
- YRS ALL
P-A-P PMT —
Shows all adjusted payments.
(10-15) P-A-P Loan Recasting
10
- 0 M Recast 10 —
Uses 10-year recast for a Zero
P-A-P.
(Default)
Subsequent presses of
+
advance
until Recast year 15, then num-
bering starts over at one.
Note: Press the
+
key to scroll
forward and the
–
key to scroll
backward.
11
- 1 M Recast 10 —
Uses 10-year recast for a 1-Mo.
P-A-P.
Subsequent presses of
+
advance
until year 15, then numbering
starts over at one.
12
- 3 M Recast 5 —
Uses 5-year recast for a 3-Mo.
P-A-P.
(Default)
Subsequent presses of
+
advance
until year 15, then numbering
starts over at one.
(Cont’d)
