1. Product coverage in Charlie continues to expand. The October release brings new support for interest-only periods on fixed-rate loans.

2. When 'Interest Only' is selected as a Non-QM feature, a new field appears to define the interest-only period.

3. Once entered, Charlie automatically calculates the interest-only end date and monthly payment amount for accurate amortization.

4. Additional enhancements allow users to manually adjust the qualifying rate for ARMs and other non-agency loans as needed.

5. By default, Charlie sets the qualifying rate to ‘Calculated,’ based on the start rate.

6. But the Qualifying Rate Calculation Type can be switched to ‘Manual,’ allowing users to enter a custom percentage, automatically updating the qualifying payments.