1. Maximum Professional AdvantageMaximum Professional Advantage REFINANCE SETUP

2. This tutorial Illustrates a Quick Cash Out Refinance

3. Payoff: Existing 1 st & 2 nd $10,000 Cash $13,000 Bills

4. Display Monthly Savings & Time to Amortize Refinance Costs.

5. In Less Than 2 Minutes.

6. First, click the NEW Button to Begin Refinance

7. Save or Discard the Current File.

8. FINANCING WIZARD Appears after the current file is Saved or Closed.

9. DEFAULT MENU SETTINGS Single Family Owner Occupied Full Doc Impounded Purchase

10. Select Refinance Type From PURPOSE Menu

11. Adjust the other menus as necessary.

12. In APPLICATION: Borrower Property Contact Manger File Status Notes

13. Payment of Commissions, Lender Fees and Buydowns are Setup here.

14. Hold your curser over labels for additional information.

16. Minimum information needed for a Refinance Quote

17. Information needed for a Refinance PreQualification

18. Unless Specific Amounts are required, LTV & Loan Amount are Calculated in the REFINANCE Screen.

19. Click REFINANCE Button.

20. To Open the REFINANCE WIZARD

21. Check Items to be Included in Refinance Loan

22. When Auto Calc is checked, the loan amount recalculates with all changes Uncheck when working with a specific Loan Amount or LTV.

23. Dates are Not Required however, Including them may spot Limitations

24. When Payments are entered, Monthly Saving is displayed in REFINANCE SAVINGS.

25. Required. Amounts Paid.

26. Check Subordinate when existing 2 nd is NOT Refinanced. DTI will include 2 nd Loan Payment.

27. Next, Close Refinance Wizard

28. Close Financing Wizard

29. Select Rate

30. Select Rate

31. Selected Rate Populates LOAN CENTRAL

32. All the borrower’s requirements are met.

33. Closing Costs, Cash Out & Personal Debt are included in the loan.

34. Click E For Detailed Cost Breakdown.

36. Click UPDATE. To Find Monthly Savings and time to Amortize Costs.

37. Click REFI SAVINGS

38. Detail of Amounts included In Refinance

39. Detail of New Refinance

40. END