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Mortgage

Navigate to the Mortgage card on the Purchase Contract page.

You can add mortgage details in this section. Based on your input, the system will automatically update the Loan Amount and Seller Credit, as well as adjust any required mandatory disclosures.

Mortgage
  • Type of Mortgage: Select the mortgage type, such as Conventional, FHA, VA, or Cash.
  • Downpayment: Enter the downpayment as either a $ Amount or a % Percentage.
  • Loan Amount: Input the total $ Loan Amount.
  • Loan Period: Choose the loan term: 15 Years, 20 Years, or 30 Years.
  • Interest Rate Type: Select the interest rate type: Fixed or Adjustable.
  • Application Grace Period: Enter the grace period in number of days.
  • Seller Credit Type: Specify if the seller credit is a Fixed amount or a Percentage.
  • Seller Credit: Enter the $ Amount for Seller Credit, calculated based on the Purchase Price.