Here’s a list of the questions that customers have asked us along with a few points of our own that we thought would be helpful to know. If you have a question that isn’t on the list, please send us an email at support@fuzioncalculator.com and we’ll get back to you within 2 business days.
| If the calculation is being done: |
The mortgage amount is… |
for a Purchase |
the purchase price less the deposit. |
for a Refinance |
the existing mortgage plus the increase. |
for a Switch |
the existing mortgage amount. |
for an Increase & Blend |
the existing mortgage balance plus the increase. There is no change to the term. |
for an Increase & Extend |
the existing mortgage balance plus the increase. The term is extended. |
for a Blend & Extend |
the existing mortgage amount. The term is extended. |
to determine the Maximum Purchase for a client |
the maximum purchase price based on the GDS/TDS limits. If applicable, Default Insurance is included in the calculation. |
to determine the Maximum Payment for a client |
the maximum purchase price based on the maximum payment comfort level of the borrower. If applicable, Default Insurance is included in the calculation. |
