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4. Finds the Actual GDSR:TDSR Ratio
based on loan amount, income and
other entered values.
[Qual 2]
Stores additional (i.e., Government
FHA/VA) GDSR and TDSR ratios and
operates same as the
Default GDSR and TDSR ratios for this
key are 29% and 41%, respectively.
[Inc]
Income: Enters the annual income for
loan qualifying.
[Debt]
Debt: Enters long-term monthly debt pay-
ments.
[Exp]
Expense: Enters monthly housing expenses
(i.e., monthly heating expense, homeowners'
association dues, maintenance and utilities).
[Mtg Ins]
Mortgage Insurance: Stores and recalls
annual mortgage insurance (i.e., Private
Mortgage Insurance) in either percent or
dollar amount. If entered as a dollar
amount, a second press converts to
annual percentage rate. If entered as a
percentage, a second press shows the
equivalent annual dollar amount. The
number 10 or less is assumed to be an
annual percentage. Computed from the
loan amount.
remember the value as it was entered (i.e., a
percent or dollar value.)
Note: The calculator will
[Qual 1]
User's Guide — 11
key.
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