Model real-world variable-rate refinances using projected changes to the prime.
When do you use it? Whenever you need to refinance a client into a variable-rate mortgage, you can now create prime-rate projections and more accurately analyze long-term savings and break-even points.
Follow the visual Step-by-Step to access it:
1) Tap the section directly below the Rate.
2) A pop-up window will appear displaying Rate Type and Term. Select Variable Rate, and the Rate Projection Map will appear underneath.
3) Tap the Rate Projection Map, and the screen below opens. Plug in your projected rate increases or decreases.