You can add any fees, such as legal or appraisal fees into the application in the "Compliance" section of the deal as well as insurance sales tax. You can also add a value to a borrower such as cashback,
How to add a fee
1. Click into the deal you want to work on.
2. Click on "Compliance on the left menu" and select "Mortgage details"
3. Scroll down to "Cost of credit details"
4. Click on "Add fee"
5. Enter the fee and select whether it should be deducted from the principal, and whether to be included in the APR.
6. Scroll down to "Save changes"
A list of all fees will be displayed in the "Cost of credit section" as you add them.
How to add Insurance Sales Tax
1. Click into the deal you want to work on.
2. Click on "Compliance on the left menu" and select "Mortgage details"
3. Scroll down to "Cost of credit details"
4. Click on "Add insurance sales tax"
5. Enter the insurance sales tax in the correct field
6. Scroll down to "Save changes"
A list of all fees and insurance sales tax will be displayed in the "Cost of credit section" as you add them.
How to add value to borrower such as cash back
1. Click into the deal you want to work on.
2. Click on "Compliance on the left menu" and select "Mortgage details"
3. Scroll down to "Cost of credit details"
4. Click on "Add value to borrower".
5. Enter the name and the values in the correct fields
6. Scroll down to "Save changes".
Note: Value to borrowers will display as negative
Should you have any questions please click on the chat bubble or email us at support@finmo.ca
Should you have any questions please click on the chat bubble or email us at support@finmo.ca