Calculated Industries 3423 - Manual (Page 27)

P
OCKET
R
EFERENCE
G
UIDE
— 23
Find $ Down Payment
d d 16,359.23
Find total (PITH)
Payment p p 900.00
— DO NOT CLEAR CALCULATOR —
“Unrestricted” Qualifying
The amount calculated above is the
“restricted” mortgage they may qualify for,
based on current income and debt. What
are the buyer's actual income and debt
ratios? What is the “unrestricted” mortgage
amount? What side is the “restricted” mort-
gage based on (income or debt)? What is
the total allowable monthly debt?
STEPS KEYSTROKES DISPLAY
Find actual
Ratios q q q
“run” 24.00 - 40.00
Find “unrestricted” mortgage
amount q
UNR 127,465.66
LA DEBT
*
Find maximum allowable
debt q ALW 300.00
MO DEBT
**
Clear Tax register
0 t 0.00
*The “UNR” in the top of the display and “INC” in
the lower right tells you this unrestricted Mortgage
Amount is based on the buyer’s Income Ratio —
therefore, the restricted Qualifying Mortgage
Amount is based on the buyer’s Debt Ratio.
(Cont’d)