About Additional Applicants

After the purchaser applicant pair (or single purchaser) is entered, you can then add any additional applicants. An additional applicant can be the following type:

 

 

There are two methods to add additional applicants:

Adding Additional Applicants by Creating Blank Applicant Details Screen

 

Adding Additional Applicants by Duplicating Applicant Information

 

 

Additional Applicants and Ratios

When an additional Applicant or Co-signer is added to the deal, that applicant is assigned by default to each mortgage on the deal, and therefore affects the Mortgage Ratios (seen at the top of the Expert screen). Note, however, that a Guarantor never affects the mortgage ratios. Also note that applicants assigned to the mortgage are validated against business rules.

 

If it is decided during the course of working on the deal that an applicant does not need to be assigned to a mortgage, then it is possible to unassign the applicant from the mortgage and keep the applicant on the deal. To unassign an applicant from a mortgage, see Unassigning Applicants from Mortgage.
  
All Applicants and Co-signers who are on the deal, regardless if assigned to a mortgage or not, affect the Deal Ratio (seen at the top of the Expert screen). Note, however, that a Guarantor never affects the deal ratio (or mortgage ratios).