(Refer to video below for video instructions).
Step-by-step instructions:
Rate (%)
Place the cursor on the text box and click on the field.
Enter the annual interest rate agreed upon with the lender.
2. Brokerage (%)
Place the cursor on the text box and click on the field.
Enter the broker commission rate as a percentage of the loan amount.
3. In Arrears
Click on the dropdown box to specify whether repayments are made in arrears.
Select "Yes" or "No" as appropriate.
4. Repayment Frequency
Place cursor on the text field and click on the dropdown box from anywhere on the field
Select how often repayments will occur from the dropdown.
Options include: Weekly, Fortnightly, and Monthly.
5. Origination Fee
Place cursor on the field, click and enter fee number
Use the dropdown next to the field to choose how this fee will be handled:
Financed
Upfront
Monthly
6. Select Fee + Add Fee
To add additional ongoing or one-time fees, select a fee type from the Select Fee dropdown.
Place cursor on the “Add Fee” box and click "Add Fee" ➕ to apply it to the quote.
7. Use Lender Default 🔁
Click this button to reset all fields to the lender’s recommended default values.
8. Remove (Origination Fee)
If a fee is not required, click "Remove" to delete it from the quote.
