“Nonrestrictive” Qualifying L/A & Actual Ratios
The amount calculated in the previous
example is the lower, or “restrictive,”
ratio. What does the other “nonrestric-
tive” qualifying ratio calculate to and
which side is it based on (i.e., buyer’s
income or debt)? What are the buyer’s
actual GDSR and TDSR ratios?
Steps/Keystrokes
Display
1. Find nonrestrictive loan amount:
[Qual 1] “run”
– 227,987.99
LA INC
2. Find actual ratios:
[Qual 1] “run”
26.76-40.00
Note:
The “
INC
” legend tells you that the
nonrestrictive side was based on the GDSR;
therefore, the restrictive side was based on
total debts (TDSR).
— D
O
N
OT
C
LEAR THE
C
ALCULATOR
—
User’s Guide — 43
