Hi Mortgage Coaches!
Last night we released a version of EDGE that has the following new features and bug fixes:
1) Adjusted Standard Deduction calculation so that the deduction is multiplied by the tax bracket for the rent side of the Rent Vs Own presentation
2) Adjusted tax benefit equation to include prepaid interest
3) Fixed bug in long term principal paid when long term years exceed payoff point
4) Added ability to select the MCC credit per loan program (previously applied to all loan scenarios at once)
5) Added function in settings to choose whether to base your prepaid interest days on a 360 day year or a 365 day year
6) Fixed bug in custom term reduction for ARM loans
To pull in the new version of EDGE, please clear your browser's cache, close all browser windows, then open a new one and log back in.