Point User Guide 419
Comparing renting to owning
The FHA Consumer Choice Disclosure Notice dialog box is displayed.
2 Edit the values to create your sample scenario.
3 Click OK.
Comparing renting to owning
The Rent vs. Own tool produces a comparison showing the advantages of owning a home
over renting.
To use the Rent vs. Own tool:
1 Open a prospect or borrower file.
2 Select Marketing > Rent vs. Own.
3 In the
Comparefor__months field, specify the number of months for which you want
to compute the benefit of ownership.
4 In the
Own section, select the loan type:
• First
• Second
5 In the following fields, enter the required information:
6 In the
Rent section, enter:
• RentCost/mth field – Monthly rent
• Increase/yr__% – Any likely annual increase in the rent payment
Option To en t er. ..
Sales Price Sales price of the subject property
Down Pmt Down payment amount
Note Rate Rate of the note
Ter m __ mt h s Length of payment term
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