An affordability analysis that is based on a what-if scenario. A what-if analysis is useful if you do not have complete
data or if you want to explore the effect of various changes to your income, liabilities, or available funds or to the
qualifying ratios or down payment expenses that are used in the analysis.
A change in the amounts that is used as the basis of an affordability analysis. A what-if scenario can include changes to
monthly income, debts, or down payment funds or to the qualifying ratios or down payment expenses that are used in the
analysis. You can use a what-if scenario to explore different ways to improve your ability to afford a house.
A mortgage that includes the remaining balance on an existing first mortgage plus an additional amount requested by the
mortgagor. Full payments on both mortgages are made to the wraparound mortgagee, who then forwards the payments on the
first mortgage to the first mortgagee.