Calyx Point 7 - Page 300

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.