The Funding Position calculates all the loan amount, security values, LVR, LMI, stamp duty and other fees to provide a summary position.
What can a Funding Position do?
It can be used in a number of ways, for example, to work out:
- Maximum loan amount based on savings.
- Required funds for a specific loan amount or LVR.
- Required funds for a specific scenario.
- Required fees for the application.
How to add a Funding Position Calculator to an Opportunity
From the Calculations section click Add
You can also create Funding Position calculations in the Research Application.
From the Funding Position section open a new tab to create a new Funding Position calculation.
Note: Calculations created directly in the Research Application can be attached to Opportunities.
- Select Funding Position
- Select the Funding Position from the search
- Click Choose
Calculations which are no longer can be deleted by selecting the Calculation and clicking the button.
Note : Calculations are deleted permanently and cannot be recovered. If you delete a calculation in error, you will have to re-create it.
Below fees are calculated from the back end of Mercury Nexus. Calculations are done based on the information we received from the State Revenue Office.
Purchase Stamp Duty
Foreign Buyer Surcharge
Fee calculations will change based on the Contract date. You cannot override them.