How to include mortgage fees in the loan

It's common to include the fees associated with taking out a mortgage into the loan itself. This is often permitted as an "extension" to the normal loan amount, beyond LTV limitations and can be a convenient way to squeeze a little extra investment potential from your capital.

Property Prospector allows you to calculate your potential property investments either assuming you'll pay the mortgage fees up-front, or that you'll add them to the mortgage loan. Paying them up-front is the default calculation.

To change to rolling-up mortgage fees into the loan, follow these steps:

  • From your Prospects listing page...
  • Click the "Edit" next to the Investment Scenario you're using
  • Tick the "Roll up mortgage fees" option
  • Click "Save"

All forecast calculations done with that investment scenario will now add the mortgage fees to the total loan amount.