if (loanType == 'Fix & Flip')
{
var totalCost = purchasePrice + rehabBudget;
if (experience == "1")
{
if (rehabWeight == "Light Rehab")
{
var LTC = .85;
var LTARV = .75;
}
else if (rehabWeight == "Medium Rehab")
{
var LTC = .85;
var LTARV = .75;
}
else if (rehabWeight == "Heavy Rehab")
{
var LTC = .85;
var LTARV = .70;
}
var minLoanAmount = Math.min(( LTARV * afterRefurbValue ),(totalCost * LTC ));
var constraint = 'LTARV';
var constraintValue = LTARV;
if (minLoanAmount == (totalCost * LTC ))
{
var constraint = 'LTC';
var constraintValue = LTC;
}
var originationPoints = .5;
if(constraint == 'LTARV')
{
if(LTARV <= .50)
{
var rate = 7.5;
}
else if(LTARV > .50 && LTARV <= .60 )
{
var rate = 7.5;
}
else if(LTARV > .60 && LTARV <= .70 )
{
var rate = 7.75;
}
else if(LTARV > .70 && LTARV <= .75 )
{
var rate = 7.75;
}
}
else if(constraint == 'LTC')
{
if(LTC <= .60)
{
var rate = 7.5;
}
else if(LTC > .60 && LTC <= .70 )
{
var rate = 7.5;
}
else if(LTC > .70 && LTC <= .75 )
{
var rate = 7.75;
}
else if(LTC > .75 && LTC <= .85 )
{
var rate = 7.75;
}
}
}
else if (experience == "2")
{
if (rehabWeight == "Light Rehab")
{
var LTC = .85;
var LTARV = .75;
}
else if (rehabWeight == "Medium Rehab")
{
var LTC = .85;
var LTARV = .70;
}
else if (rehabWeight == "Heavy Rehab")
{
var LTC = .85;
var LTARV = .70;
}
var minLoanAmount = Math.min(( LTARV * afterRefurbValue ),(totalCost * LTC ));
var constraint = 'LTARV';
var constraintValue = LTARV;
if (minLoanAmount == (totalCost * LTC ))
{
var constraint = 'LTC';
var constraintValue = LTC;
}
var originationPoints = 1.0;
if(constraint == 'LTARV')
{
if(LTARV <= .50)
{
var rate = 7.75;
}
else if(LTARV > .50 && LTARV <= .60 )
{
var rate = 8.0;
}
else if(LTARV > .60 && LTARV <= .70 )
{
var rate = 8.25;
}
else if(LTARV > .70 && LTARV <= .75 )
{
var rate = 8.5;
}
}
else if(constraint == 'LTC')
{
if(LTC <= .60)
{
var rate = 7.75;
}
else if(LTC > .60 && LTC <= .70 )
{
var rate = 8.0;
}
else if(LTC > .70 && LTC <= .75 )
{
var rate = 8.25;
}
else if(LTC > .75 && LTC <= .85 )
{
var rate = 8.5;
}
}
}
else if (experience == "3")
{
if (rehabWeight == "Light Rehab")
{
var LTC = .80;
var LTARV = .65;
}
else if (rehabWeight == "Medium Rehab")
{
var LTC = .75;
var LTARV = .65;
}
else if (rehabWeight == "Heavy Rehab")
{
var LTC = .75;
var LTARV = .60;
}
var minLoanAmount = Math.min((LTARV * afterRefurbValue ),(totalCost * LTC));
var constraint = 'LTARV';
var constraintValue = LTARV;
if (minLoanAmount == (totalCost * LTC ))
{
var constraint = 'LTC';
var constraintValue = LTC;
}
var originationPoints = 1.5;
if(constraint == 'LTARV')
{
if(LTARV <= .50)
{
var rate = 9.0;
}
else if(LTARV > .50 && LTARV <= .60 )
{
var rate = 9.25;
}
else if(LTARV > .60 && LTARV <= .70 )
{
var rate = 9.5;
}
else if(LTARV > .70 && LTARV <= .75 )
{
var rate = 10.0;
}
}
else if(constraint == 'LTC')
{
if(LTC <= .60)
{
var rate = 9.0;
}
else if(LTC > .60 && LTC <= .70 )
{
var rate = 9.25;
}
else if(LTC > .70 && LTC <= .75 )
{
var rate = 9.5;
}
else if(LTC > .75 && LTC <= .85 )
{
var rate = 10.0;
}
}
}
}