Below is how to set up a refinance for the primary residence
Ensure the Primary Residence is set as an asset
First, navigate to the Application and click on the Primary Applicant Identification.
Scroll down to the Current Address section and set the tenancy to Own (this action will ensure the primary residence is automatically added as an asset under the Properties section).
Add the mortgage that's being refinanced
Go to the Credit and Liabilities from the navigation column.
Click on ADD LIABILITY and select Mortgage from the selection menu.
Click on the Edit/Pencil icon to access the details of the newly created Mortgage.
Within the Mortgage Details page, scroll down and click on ADD COLLATERAL and choose the address for the primary residence to be added as the collateral on the mortgage.
Create a refinance on the transaction page
Navigate to the Transaction page from the application menu.
Click on ADD PURPOSE and select Refinance.
3. You will see a pop up that lists the Liabilities on the application. Select the mortgage to be refinanced by clicking ADD.
Note: You can add multiple liabilities to be refinanced, simply click ADD to all that apply.
Adding the Property as Collateral for the new loan
Click on Loan Request from the left side menu.
Scroll down to the Mortgaged Property section of the loan and click the drop down arrow to open up the Collateral section.
Click ADD MORTGAGED PROPERTY.
4. You will see a pop up window that will list all available assets. Select the Current Address property from the list and click on ADD.
