Adding a Home equity loan is done via a refinance application in Jupiter.
Here's how to do it:
1. Go into the loan application you wish to work on and click on "Application".
2. Scroll down to "Loan information"
3. Set the "Loan purpose" to "Refinance".
4. In the "Cash out purpose" field, choose "Other"
5.Select "Home equity loan" as the "Mortgage type".
6.Choose "Adjustable" as the "Rate type".
7. In the "Amortization type" field select "Interest only".
Screenshot: Displays the Loan information section of a refinance application, with Loan purpose set to "Refinance", Cash-out purpose set to "Other," Mortgage type set to "Home equity loan", Rate type set to "Adjustable," and Amortization type set to "Interest only."
8. Click on "Save changes".
Should you have any questions please click on the chat button or email support@jupiterlos.com.