Qualifying Examples; Recalling Income/Debt Qualifying Ratios; Storing New Income/Debt Qualifying Ratios - Calculated Industries 3416 User Manual

Residential mortgage finance calculator
Hide thumbs Also See for 3416:
Table of Contents

Advertisement

QUALIFYING EXAMPLES

Most of the examples in this section will be based on the default In-
come and Debt Ratios of 28% and 36%, respectively, which are
stored in the q key.

Recalling Income/Debt Qualifying Ratios

Recall stored 28%-36% and 29%-41%ratios:
STEPS
Clear calculator
Recall qualifying ratios 1
Recall qualifying ratios 2

Storing New Income/Debt Qualifying Ratios

Enter and permanently store new qualifying ratios of 30% for Income
and 38% for Debt in q:
STEPS
Clear calculator
Set qualifying ratios
Return ratios to 28:36*
*Note: Your ratios will be permanently stored, and will remain even after your calcula-
tor is turned off. However, if you have changed the Qualifying Ratios from the default
of 28:36 (Qual 1) or 31:43 (Qual 2), you can re-enter these ratios at any time.
KEYSTROKES
o o
® q
® Q
KEYSTROKES
o o
3 0 : 3 8 q
2 8 : 3 6 q
DISPLAY
28.00-36.00
31.00-43.00
DISPLAY
30.00-38.00
28.00-36.00
U
'
G
— 53
SER
S
UIDE
0.00
0.00

Advertisement

Table of Contents
loading

This manual is also suitable for:

Mortgage qualifier plus 3416

Table of Contents