Calyx Point 7 User Manual page 172

Disclosures and other forms
•
•
•
Enter the sales price, down payment, and appraised value of the property.
9
The
The
premium or a funding fee is being added to the APR.
10 Complete the
11 Click the Mth Pmt button to open the
Use the
loan terms and specifications. This dialog box is also accessible from the
Application
are populated in all screens when completed.
The
12 Click the Income button to open the
income for the borrower and co-borrower.
13 Click the HE & Oblig button to open the
box to enter monthly payment obligations.
The
Housing Exp & Other Obligations
154
First
lien
Fixed Rate
loan
Purchase
field is automatically calculated.
Loan Amt
field is automatically calculated if an up-front mortgage insurance
w/MIP, FF
and
Note Rate
Monthly Payment Settings
and these fields are also on the
field is automatically calculated.
Mth Pmt
You can also enter income information and housing expenses on page 2
Loan Application
of the
field is automatically calculated from information that is entered
Other Pmts
fields.
Term Due
Monthly Payment Settings
dialog box to set the payment structure and the
Truth-In-Lending
Income Information
Tip
.
Housing Exp & Other Obligations
dialog box or the
dialog box.
Loan
screen. These fields
dialog box to enter the
dialog
Loan Application .
Calyx Software