280
Calyx Software
Loan scenarios
5
Click
HE & Oblig
. Enter the first mortgage payment (the amount of the second is
already populated in the
Other
Fin
field). Both amounts transfer throughout the
screens in Point.
Creating a new first mortgage with a new or existing second
To complete a new first mortgage and a new or existing second loan for refinance:
1
Open a prospect or borrower file.
2
In the
Prospect Information
or
Borrower Information
screen, select
Primary
as
the property type,
First Mtg
as the lien position, and
Cash-Out Refi
or
No Cash-Out
Refi
as the purpose of the loan.
3
Click the
Sub Financing
button at the bottom of the workspace.
The
Subordinate Financing Information
dialog box is displayed.
4
Specify whether it is a
New Loan
or
Existing Loan
and click the
2nd Mtg
button.
Related information
Refer to
Borrower and prospect information screens
, on page 151, for
more information about the
Borrower Information
screen.
