Point User Guide 193VA loansTo complete the VA Loan Analysis:1 Open a borrower file.2 Select Forms > Veterans Administration (VA) > VA Loan Analysis (26-6393).3 To use Loan Application data to populate this screen, click the From Loan Appbutton at the bottom of the workspace.Many categories on the application do not fit on the VA Loan Analysis. Importing fromthe Loan Application successfully combines the figures into a cohesive format.In Section D - Debts And Obligations, there is an X column.VA Refinance Worksheet (26-8923)Use this worksheet to calculate the maximum loan amount for a VA refinance. To open theInterest Rate Reduction Refinancing Worksheet, VA form 26-8923:1 Open a borrower file.2 Select Forms > Veterans Administration (VA) > VA Refinance Worksheet – IRRRL(26-8923).3 Enter the following, then complete the final computations:• Particulars of the original mortgage• Preliminary discount• Origination fees• Funding feesD Contains debts and obligation information.E Provides monthly income and deductions.Related informationWhen you select a check box, the monthly payment that corresponds tothat row is displayed in the Less Obligations Listed in Sec. D WhichShould Be Deducted From Income field, line 40 in Section E.Section Description
