How can I get a second MortgageWhat can I do to get a second mortgage?
Depositing a second mortgage at the same time (Piggyback) (0536)
Note that you can only associate data from a first mortgage data where the lien item on the Borrower Information picture is set to First. Links the first mortgage with a new second mortgage. Links the first mortgage database with an already established second mortgage database. First open the mortgage first. Topic > Subordinate financing > Second mortgage creation.
Click the Underfinance icon at the bottom of the Borrower Information pane. In the Mortgage dialog box, click Generate Second Mortgage Mile. Opens the Generate Second Mortgage Data dialog box. Type a filename that is different from the first mortgage filename in the Filename box, and then click Save. Click Yes in the Second Mortgage Successfully Completed Files pane.
They have just made a copy of the first mortgage dossier that Point processed to make the second mortgage dossier. First and second mortgage dossiers are now synchronised. Information that has been modified in one of the two sets of documents is included in the other one. The First Mtg and Second Mtg button in the navigation area allows you to switch between the two sets of documents.
First open the mortgage first. Choose from the top menu Bar Document > Child Financing > Associate with Current Document. Locate the second mortgage that you want to associate and sync. It synchronizes the second mortgage with the first mortgage. Syncronized first mortgage field overwrites the second mortgage field.
The First Mtg and Second Mtg button in the navigation area allows you to switch between the two sets of documents. First or second mortgage open. Topic > Sub Financing > Removing the link to the first mortgage filename. Click Yes in the Delete Link to Second Mortgage pane. Between the two executables, there is no synchronization of dates.
Please note: The amount of the second funding facility will be completed on the Credit Application page 4, Details of Transaction j. Subordinated Finance.