On the Transaction page, you can set the purpose for the application. Choose from Property Purchase, Refinance, Switch or Port.
Allowed deal purpose combinations
Below are the combinations of purposes accepted by lenders
Purchase
Purchase + Improvements
Refinance
Refinance + Improvements
Refinance + ETO + Improvements
Refinance + ETO
ETO
Switch
Port
Port + Improvements
Down Payment
When you choose the Property Purchase purpose, a new subject will be created. You will also have the option to enter the down payment on the Funding section.
The details of the loan will be entered on the Loan Request page and the amount will automatically appear on the Funding section.