If you're exploring mortgage options for your client, using the Scenarios feature on Lender Spotlight can help your decision-making in only a few steps. It’s an intuitive tool that allows you to create mortgage scenarios, enabling a clear comparison of rates, fees, and payments, helping you to make an informed deal breakdown to your customer that best suits their financial goals.
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Everyone is able to try out Scenarios with limited functionality. To leverage the full feature, with all functionality, an add-on is required. Please navigate to your settings, select subscriptions and purchase Scenarios.

Scenarios is only $19/month for Platinum users. With no contract required, we encourage you to try it out.

Join one of our live training sessions and get your questions answered.

Once you are logged in and have activated your platinum subscription and add-ons, follow these step-by-step instructions:

1. Log in to Lender Spotlight as usual, on the left click on the “Scenarios” icon:

2. Click on “create a new comparison” that is located in the middle of the page, or top right of your screen:

3. You will be redirected to a rate filtering. Select them according to the details of your deal.

4. Here we are using:

Provincial Availability: “ON”

Transaction Type: “Purchase”

Purpose: “Owner Occupied”

Rate Type: “Standard”

Term Type: “Fixed”

Term: “5 year”

Insurance: “Insured”

You will notice that the results will reduce, making it easier to decide the rate scenario you want to compare.

5. Select the lenders to compare. Simply click on the plus gray circle to select the ones you would like to compare.

6. On the bottom right of your screen, you will see the button become blue. Click on “Compare # Products”:

NOTE: On the top, you can name the comparison for feature access, by pressing “Rename”

7. Next you will be redirected to fill in more details about your application. Complete accordingly - Below is what we used in this example:

Purchase Price: “$750,000.00”

Qualifying Rate: 5.25%

Down Payment: $112,500.00

Borrower 1 Details

Annual Income: $75,000.00

Monthly Loan Payments: $600.00

Credit Card Balance: $1,000.00

Borrower 2 Details

Annual Income: $150,000.00

Monthly Loan Payments: $1,200.00

Credit Card Balance: $3,000.00

Filling in the information will automatically calculate the “mortgage affordability”, “borrowing amount” and “maximum monthly payment”.

8. Scroll down and you will see the rates that you selected to be compared. In this stage, you can fill in “Down Payment” and change the payment frequency. In this example used the same “Down Payment” selected previously and entered “Monthly in “Pay Frequency”.

9. Here is a good moment to save the comparison, just in case you want to revisit this scenario selection later.

10. Now you will be redirected to the ‘Preview Page’; here you will be able to compare side by side each scenario. At the bottom you will see the monthly payment for your borrower with the selected rate and other important information for choosing the best option:

Note: You are able to import the calculation and can include a message for your clients.

11. At the top right you are able to create and publish a link. Once the link is created you can choose to copy the link and paste it into emails or text messages for your clients to view. If you make and save your changes, your clients can refresh their browser and see those changes reflected in real-time.

If you have any questions, please contact us on the chat bubble in Lender Spotlight.