Finmo has included a GDS/TDS calculator in the platform to assist mortgage professionals. As you and your clients fill in the Application and the "Subject property" section of the deal, the info will automatically be inserted into the calculations. These calculations will be pushed to Filogix/Expert when you submit the deal.

As you progress through the "Subject property" section of the Application, you will notice the GDS/TDS calculation will appear at the top of the screen.

Please note: Only brokers have access to the "Subject property" section, borrowers do not see this in the Application.

Finmo does the calculation for you.

How do I adjust the qualifying rate, compound period, amortization and Insurance premium override percentage in the GDS/TDS Calculator?

  1. Click on the GDS/TDS calculation at the top of the screen. This will bring up a pop of showing the details of the calculation.
  2. Next click on the "Settings" icon. Here you will be able to enter rates, amortization etc.
  3. Save your changes. The calculation will be adjusted based on your edits.

How can I be sure that Finmo's GDS/TDS calculation is the same as what shows in Expert

Click below to watch a comparison video between the Finmo GDS/TDS calculator and the Filogix/Expert calculator.

FAQ: The occupancy field was not chosen in Finmo and now I can seem to edit that in Filogix/Expert. How do I fix this?

In order for the "Occupancy" field to become available in Expert, the "Occupancy" has to be set to either "Rental" or "Owner Occupied & Rental" in the Finmo Application.

If the "Occupancy" is correct and the "Rental Income" does not save and push from Finmo into Filogix, please do the following when in Expert/Filogix.

  1. Change the "Occupancy" of the property owned to "Owner Occupied".
  2. Click on Save.
  3. Change the "Occupancy" back to "Rental" or "Owner Occupied & Rental".
  4. Click on Save.
  5. Re-enter the "Rental Income".
  6. Click on Save.

If this issue persists, it means the property record is corrupted. In this case, you will have to delete the property record and re-enter it.

Should you have any questions please click on the chat bubble or email

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