The three adjustments are defined as follows:

 

Payment amount %	from date, %, to date
Annual accrued fee	from date, amount, to date, increase type, value of increase, occurrence, duration
Annual premium	from date, amount, to date, increase type, value of increase, occurrence, duration

 

Payment amount % is the percentage of the actual payment that the customer will make (e.g. 50% half).

 

Annual accrued fee is the same as accrued fee but it reoccurs on an annual basis and can be set to increase.

 

Annual premium is the same as monthly premium but reoccurs on an annual basis.

 

 

Note: Premiums / fees are applicable to payments only. The accrued fee, annual accrued fee and monthly payments are different in that they affect the underlying mortgage / interest bearing balance and their descriptions are preceded by an ‘*’ on printouts.

 

Related Topics

Adjustments