Calculated Industries 3126 - Manual (Page 38)

Qualifying
When qualifying a prospective buyer,
the
[Qual 1] and [Qual 2] keys are
used to perform the following qualify-
ing functions:
1. Store a GDSR:TDSR Ratio: The entered
ratio will remain in storage until
revised or reset. (
[Qual 1] defaults to
28%:36% and [Qual 2] to 29%:41% .)
Note: The [Qual 2] key stores addi-
tional (i.e., U.S. Government, FHA/
VA, etc.), GDSR and TDSR ratios; oth-
erwise it operates exactly as the [Qual
1] key.
2. Find the Maximum (Qualifying) Loan
Amount based on income and other
entered values (interest, term, taxes,
insurance, etc.) when loan amount is
zero.
Note: The Qualifying Loan Amount is
automatically stored in the Loan Amount
[L/A]
register.
The first press of [Qual 1] or [Qual
2] displays the stored ratios, the sec-
ond press displays the “restrictive”
qualifying loan amount, the third press
displays the “nonrestrictive” qualifying
loan amount, and the fourth press dis-
plays the buyer’s actual GDSR and
TDSR ratios.
38 — Qualifier Plus ® IIcx