Enter the
date of the combined report.

Enter
the date of the first regularly scheduled payment. Select to display the number
of days on the Excel spreadsheet.

where the principal and interest are being amortized differently. The left panel entry is the first payment to principal and this entry box asks for the date of the first interest payment.

Select
to display the number of days on the Excel spreadsheet.

Enter the number of days to term.

Enter
the number of days to term.

The total of all of the borrowers monthly payments including the proposed house payment(PITI), divided by the borrowers gross income.

The document used in some states instead of a mortgage. There are three parties to the instrument: the borrower, the trustee, and the lender, (or beneficiary). The borrower transfers the legal title for the property to the trustee who holds the property in trust assecurity for the payment of the debt to the lender or beneficiary.

Failure to make payments called for on a timely basis, or to comply with other requirements or covenants on a loan,. In the event of default, the governing instrument may give the lender the right to accelerate payments, take possession and receive rents, and startforeclosure.

Name the drive and folder where you want QAPR files to be saved.

Name the drive and folder where you want stored example files
to be saved.

Name the drive and folder where you want Excel output files to
be saved.

Name the drive and folder where you want loan (study) files to
be saved.

Insurance insuring the lender against the borrower's default and/or the costs ofrepossessing the collateral. This insurance premium must always be included in the finance charge under Regulation Z.

Enter the insurance premium. This insurance protects the lender
against possible default and/or costs of repossessing the collateral and is
always included in the finance charge.

Check this box to enter deferred deposits/withdrawals.

Check
this box to enter deferred deposits.

Check this box to enter deferred withdrawal amounts.

Click to
delete the selected example.

Failure to make loan payments when due.

The amount of the regular deposit.

The
amount of the regular deposit.

Check this box to enter deposit amounts.

Check
this box to enter deposit amounts.

The number of deposit periods per year if the account includes regular deposits.

The
number of deposit periods per year if the account includes regular deposits.

Type
your request.

Enter the password given to you by Math Corporation.

This
screen displays the internal code information for the loan application and the
amortization schedule.

You can scroll through the pages, zoom in and out, and print
the report by using the icons on the toolbar.

A loan on which payments to principal and interest are paid at different frequencies. For example a loan could call for principal payments to be paid annually and interest payments to be paid monthly.

Select if principal and interest payments will be made at the same
frequency.

Select if principal and interest payments will be made at different
frequency.

Enter
the annual percentage rate (APR) as disclosed for this loan.

Enter the finance charges as disclosed for this loan.

Select to produce a disclosure statement that includes both the single level loan and the construction loan terms.

Select to produce individual disclosure statements for the single level loan and the construction loan terms.

Select
to produce a disclosure statement that combines the construction and permanent
financing phases.

Select
to produce individual disclosure statements for the construction and permanent
financing phases.

The rate at which Banks borrow from the Federal Reserve Bank.

The number of payments the initial discount rate is in effect.

A lower or "teaser" rate on a variable rate or adjustable rate mortgage for an early period inthe life of the loan. After this period is over the rate may rise.

If you feel you don't need to see the "what's this" help buttons (the little question mark icons) you can turn them off on all pages by unchecking this box.

If you feel you don't need to see the "what's this" help buttons (the little question mark icons) you can turn them off on all pages by unchecking this box.

Select to display the detailed amortization schedule.

Display
all of the loan terms above the amortization schedule.

Enter the values for the QAPR Combined Report.

Select the display options for the amortization schedule.
Required fields are automatically included.

Select the display options when exporting a loan to Excel.
Choose whether non-display columns should be hidden or removed from the
resulting Excel file.

Select to display year end totals on the report.

Click to
select from the list of documents available for this loan application.

This
screen displays the same information as the Truth In Lending Statement, but in
a slightly different format. Information includes the annual percentage rate
(APR), total finance charge, the amount financed, the total amount (including
principal and interest) that will be repaid by maturity, and the payment
schedule, including the total number of payments, payment amount, and payment
due dates.

You can scroll through the pages, zoom in and out, and print
the report by using the icons on the toolbar.

The amount of money you intend to spend on a down payment. Typically 20% of the loan.

Money paid by a buyer from his own funds, as opposed to that portion of the purchase price which is financed.

Enter the interest rate which will be charged during the period when draws are being made on this loan. Interest Only the interest is paid during this period.

Enter the terms for a draw note, or a loan with multiple disbursements. You
must enter the interest rate, periods per year, term, loan amount, prepaids,
advance date, and date of first payment for each disbursement or error messages
display.

Click the Options and Variations button on the toolbar to
enter any variations.

A loan arrangement where the proceeds are drawn in several stages.

Enter the number of periods per year during the draw period. Interest only is paid during this period with the repayment occuring after the draw period.

Select if the draw note will be repaid with a level
payment loan.

Select if the draw note will be repaid with a plus
interest loan.

.

.

Enter the total number of interest only payments during the draw period.

Money drawn under a multiple advance loan (draw note) or taken out of an escrow account in the case of a construction loan.

Enter
the amount for this draw.

Enter the date when this amount will be drawn..

A provision in a mortgage that gives the lender the option of demanding payment in full if the borrower sells the property that serves as security for the mortgage.

A deposit made by a home buyer to show that he or she is serious about buying the house.

The effective rate cap for the purposes of calculating the actual shared appreciation figure. This figure is ONLY used if there is shared appreciation (i.e. shared_appreciation > 0).

Enter
your e-mail address.

Click to display the Technical Support Request
Form.

Enter the e-mail address of the person to whom you want to send this
message, or accept the default value. You should only change the default value
if you have been instructed to do so by someone from Math Corp.

A lien or anything else that affects or limits the fee simple title to a property, such asmortgages, leases, easements, or restrictions.

End of month flag. Y or N. This flag tells the engine whether the payment due dates are to fall at the end of the month or not. For example, if the first payment date is 6/30/2007, should the next payment fall on 7/30/2007 (N) or 7/31/2007 (Y)? If this field is set to Y, the engine makes this and all succeeding payments due on the last day of the month. If this field is set to N, the engine makes all of the payments due on, in this case, the 30th of the month.

Enter
the last page number of the range of pages to print.

Select
your default output option for the output preview screen.

Select
to submit a request for a program change.

Select
to charge interest on the entire construction loan amount, regardless of how
and when it is drawn.

Check this box and click the "Request Output" button to view the entire accrual schedule.

A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.

A homeowner's financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on its mortgage.

Displays
error messages caused by problems sending your e-mail.

An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of certain conditions. Deposits by borrowers of funds to pay taxes and insurance premiums when due are examples.

Enter the amount of this escrow payment.

Select the escrow item that applies (mortgage insurance, city tax, property tax,…).

Select
the desired escrow item from the list. If the item you want doesn't display,
type a new name over the current item.

The portion of a mortgagor's monthly payment that is held by the servicer to pay for taxes,hazard insurance, mortgage insurance, lease payments, and other items as they becomedue. Known as "impounds" or "reserves" in some states.

Escrow Tax/Insurance

This flag tells the engine whether the PMI renewal payments that are held in escrow will be used for the final payments in the case of a loan-to-value cutoff or refunded separately. If they are refunded separately, the term of the cutoff will not be credited by the number of months escrowed.

A regulation Z term describing the calculation of the exact number of days between two dates.

Interest calculated on the exact number of days involved in a transaction.

The report on the title of a property from the public records or an abstract of the title.

The balance remaining on the existing mortgage on the home. If there is no mortgage, this value is 0.

Select
to exit ZMath®.

This
indicates if the deposits or withdrawals that are subject to an exponential
growth rate.

Click to
export the worksheet with the specified settings.

Mortgage rate commitments which are for longer than the typical 12 to 30 day locks.

A consumer protection law that regulates the disclosure of consumer credit reports byconsumer/credit reporting agencies and establishes procedures for correcting mistakes on one's credit record.

The highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller, willing but not compelled to sell, would accept.

A financing option for a fixed-rate mortgage that offers home buyers a 3 percent downpayment loan with either a 25- or 30-year term. The mortgage features a loan-to-value(LTV) percentage of 97 percent, and is designed to expand homeownership opportunities for people with modest incomes. Borrowers must take a pre-purchase home-buyer educationsession to qualify for a Fannie 97 mortgage.

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 30 years, Fannie Mae hasprovided nearly $2. 5 trillion of mortgage financing for over 30 million families