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Re-enter MI% • 6 s I
Re-enter homeowner's
dues
Enter down
Income
Monthly debt 7 5 0 D
Display qualifying
ratios
Find "restricted" qualifying loan
amount
— DO NOT CLEAR CALCULATOR —
STEPS
Find actual
ratios
Find "unrestricted" loan
amount
Find maximum allowable
debt
*Note: The "INC" tells you this unrestricted
Qualifying Loan Amount is based on the buyer's
Income Ratio — therefore, the restricted
Qualifying Loan Amount is based on the buyer's
Debt Ratio. This means that if they pay off their
monthly debt (to $453/mo. or lower) they may
qualify for a mortgage loan of approximately
$170,000 or more and afford a $175,000 home
(if they put approximately $4-$5K down).
P
5 0 e
5 ) d
6 8 ) i
q
q
KEYSTROKES
q
q 170,870.75 LA INC*
q
R
OCKET
EFERENCE
68,000.00
28.00 - 36.00
137,725.41
22.76-36.00
G
— 25
UIDE
0.60
50.00
5,000.00
750.00
DISPLAY
453.33
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