The first press of
[Qual 1]
or
[Qual
2]
displays the stored ratios, the sec-
ond press displays the “restrictive”
qualifying loan amount, the third press
the “nonrestrictive” qualifying loan
amount, and the fourth press the buyer’s
actual income and debt ratios.
3.
Find the Minimum Income Required
based on loan amount and other
entered values when income is zero.
4.
Find the Actual Income:Debt Ratio
based on loan amount, income and
other entered values.
Pro–Mode
If in “Pro-Mode,” the order in which
the information displays will be differ-
ent.
1. When calculating Annual Income
Required, the first press of
[Qual 1]
or
[Qual 2]
displays the stored ratios and
the second press the Annual Income
Required. The third press shows the
Allowable Monthly Debt.
2. When calculating buyer’s Actual
Ratios, the first press of
[Qual 1]
or
[Qual 2]
displays the stored qualify-
ing ratios while the second press cal-
culates the buyer’s actual ratios.
3. The
[
Exp]
,
[Tax]
,
[Ins]
, and
[Mtg Ins]
keys may be used as optional variables
affecting the buyers’ qualifying (and
User’s Guide — 47
