Temporary Buydown
Create temporary buydown types with terms that will populate into a loan when selected.
To Create a Temporary Buydown Type:
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On the menu bar, click Encompass, and then click Settings.
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On the left panel, click Tables and Fees, and then click Temporary Buydown.
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Click the New icon.
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Type a name for the buydown in the Buydown Type field.
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Type a Description for the buydown.
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Type the rate percentage and terms (number of months) for the buydown.
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When done, click OK.
See Also: