BUYER QUALIFYING...................................................................52
QUALIFYING EXAMPLES ...........................................................53
Recalling Income/Debt Qualifying Ratios ....................................53
Storing New Income/Debt Qualifying Ratios ...............................54
Finding Qualifying Loan Amount and Sales Price
(Simple Example Excluding Tax/Insurance) ..............................54
Qualifying Loan Amount and Sales Price (Complete Example
Including Down Payment, Tax/Insurance, Monthly
Association Dues)......................................................................55
“Restricted” Qualifying .................................................................56
“Unrestricted” Qualifying ..............................................................57
Qualifying Comparison (Comparing 2 Different Loans or
Ratios at Once) .........................................................................58
Finding Income Required and Allowable Monthly Debt...............59
Solving for Actual Qualifying Ratios ............................................60
PICK-A-PAYMENT AND COMBO LOANS ..................................61
Pick-A-Payment Loan (Zero-Month/30-Term) vs.
Standard Fixed-Rate Loan —
Entering Starting Payment
.............62
Pick-A-Payment Loan (Zero-Month/30-Term) vs.
Standard Fixed-Rate Loan —
Entering a Starting Interest Rate %,
Changing ROI% and Payment Cap%; Solving Payment Options
.........65
Equity Builder Pick-A-Payment Loan (Zero-Month/30-Term) vs.
Standard Fixed-Rate Loan ........................................................68
Pick-A-Payment Loan (3-Month/30-Term) vs.
Standard Fixed-Rate Loan —
Finding P-A-P Savings for the First
Three Years (Versus the First Five Years)
.........................................70
Fixed-Rate Combo Loan (1st TD/2nd TD) ..................................72
Combo Loan vs. Fixed-Rate Loan with MI ..................................73
Combo Loan —
Storing a New LTV
................................................74
Pick-A-Payment (3-Month/30-Term) Combo Loan vs.
Fixed-Rate Loan w/MI ...............................................................76
Equity Builder Pick-A-Payment (3-Month/30-Term)
Combo Loan vs. Fixed-Rate Loan w/MI....................................78
APPENDIX .......................................................................................80
Default Settings ...........................................................................80
Error Codes .................................................................................80
Auto Shut-Off ...............................................................................81
Batteries.......................................................................................81
Reset ...........................................................................................82
Repair and Return .......................................................................82
Warranty ......................................................................................83
Legal Notes .................................................................................84
Looking For New Ideas ...............................................................84
