Payment Method 0: Conventional Loans |
  
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Navigation: Loans > Loan Screens > Account Information Screen Group > Account Detail Screen > Account tab > Payment and Classification field group >
Payment Method 0: Conventional Loans |
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Conventional loans (Payment Method 0) are generally used for mortgages, second mortgages, properties, second properties, business properties, large equipment, etc.
Follow the links below for more information about how this payment method code functions in CIM GOLD.
P/I Constant and Interest Calculation
Loan Term and Payment Frequency
Payment Amounts Greater Than Next Payment Due
Payment Amounts Less Than Next Payment Due
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Note: This information is only meant as a general overview of the basic and most common functions of this payment method in GOLDPoint Systems software. Details for specific loans may vary and this information does not constitute a binding document in court. |
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