A mortgage loan simulation software has four inputs:
- Type of applicant
- Type of property
The following conditions applies to the application:
- If the income is between $1.000,00 $83.300,00 per month, the applicant is qualified for the financing.
- If the income is lower than $1.000,00 per month, the applicant is not qualified for the financing.
- If the income is higher than $83.000,00 per month, the applicant does not need a financing.
The applicant can be person or a corporation, but applications will be denied for corporations.
The type of the property can be a house, a trailer, a flat, but only house and flats can be used.
Applications can use from 1 to 5 properties to secure the loan, but no loan application will be qualified if no property or more than 5 properties are provided.