P
OCKET REFERENCE GUIDE — 27
(Cont’d)
STEPS KEYSTROKES DISPLAY
Find actual ratios
q 22.76-36.00
Find “Unrestricted” loan
amount q
170,870.75 LA INC*
Find maximum allowable monthly
debt q 453.33
*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).
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