Temporary Buydown

Create temporary buydown types with terms that will populate into a loan when selected.

To Create a Temporary Buydown Type:

  1. On the menu bar, click Encompass, and then click Settings.

  2. On the left panel, click Tables and Fees, and then click Temporary Buydown.

  3. Click the New icon.

  4. Type a name for the buydown in the Buydown Type field.

  5. Type a Description for the buydown.

  6. Type the rate percentage and terms (number of months) for the buydown.

  7. When done, click OK.

See Also: 

Buydown Support

RegZ-LE

RegZ-CD