The "Add Custom Product" feature is designed for cases that need to explore mortgage options that are not listed by default. This feature allows you to create and analyze personalized mortgage products by specifying unique terms, rates, and amortization that fit specific scenarios. This option helps you tailor your mortgage analysis providing a customized view of potential outcomes and financial impact.

1. To access this click on the ‘Scenarios’ icon on the left menu

2. Click on the blue box at the right side of your screen “Create a new comparison”

3. At the bottom you can either “Add a Custom product” from the right button or you can select rates to create an ideal scenario to be compared. Once you have decided click at the “Compare # Product” at the bottom of the screen.

4. Fill in the “Property Details”, “Borrower 1 Details” and “Borrower 2 Details” for better results. As an example, we selected

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

4. On your customization you can choose the “Rate”, “Term”, and “Amortization”, type the “Down Payment” and select what “Pay Frequency” you would like to calculate:

5. Click on the “Preview and Share” button at the top right to share with the borrower the “Scenarios” selection

6. Create and publish the link to share the information easily via email or print the page

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