282
Calyx Software
Loan scenarios
2
In the
Borrower Information
screen, select
Investment
as the property type and
Second Mtg
as the lien position.
3
Complete the
Appr
Val,
Loan
Amt
,
Note
Rate
, and
Term/Due
fields.
4
Click
HE & Oblig
.
The
Housing Exp & Other Obligations
dialog box is displayed.
5
In the
First
Mtg
field, enter the first mortgage payment amount. The amount of the
second should already be in the
Other
Fin
field. Both values are also populated in
other screens that contain these fields.
6
If the loan is for an investment property, click the
Investment
button.
7
Complete the
Gross
Rent
and
Occ
Rate
(occupancy rate) fields (the occupancy rate is
usually 75%).
8
Press <Tab> to populate the grayed out fields and click
OK
.
