Calculated-industries 3416 User Guide Manuel d'utilisateur télécharger pdf (Page 57)

52 — M

ORTGAGE

UALIFIER

LUS

(Cont’d)

5. When calculating Annual Income Required (based on entered

loan amount or sales price, term, interest and stored qualifying

ratios), the first press of q or Q will display your stored

ratios, the second press in succession will display the Annual

Income Required, and the third press in succession will show

the Allowable Monthly Debt.

6. When calculating buyer's Actual Ratios based on entered bor-

rower data (i.e., income and debt) and property data (i.e., loan

amount, sales price, term, interest), the first press of q or

Q will display the stored qualifying ratios, and the second

press will calculate the buyer's actual ratios.

7. You can use the e

Expense

, t, I, and s I

Mtg Ins

keys as optional variables affecting buyer qualifying (and PITI

payments). Tax and Insurance rates are calculated from the

Sales Price. Mortgage Insurance is calculated from the Loan

Amount.

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Calculated-industries 3416 User Guide Manuel d'utilisateur Page 57