Calculated Industries 3430 Pocket Reference Manual page 31

(Cont'd)
STEPS
Find actual ratios
Find "Unrestricted" loan
amount
Find maximum allowable monthly
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/month 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
KEYSTROKES
q
q
q
R
OCKET EFERENCE
22.76-36.00
170,870.75 LA INC*
G — 27
UIDE
DISPLAY
453.33