4— Q
UALIFIER PLUS
®
III
FX
Qualifying Loan Amount and Sales Price (Complete Example
Including Down Payment, Tax/Insurance, Monthly Association
Dues) ......................................................................................61
“Restricted” Qualifying ...............................................................62
“Unrestricted” Qualifying ............................................................63
Qualifying Comparison (Comparing Two Different Loans or
Ratios at Once).......................................................................64
Finding Income Required and Allowable Monthly Debt .............65
Solving for Actual Qualifying Ratios...........................................66
1ST AND 2ND TRUST DEEDS (COMBO LOANS) .....................67
Combo Loan (80:10:10) vs. Fixed-Rate Loan with Mortgage
Insurance ................................................................................68
Combo Loan (80:15:5) vs. Fixed-Rate Loan with Mortgage
Insurance ................................................................................70
Combo Loan — Entering a New LTV ........................................72
Financed Mortgage Insurance Compared to a Combo Loan ....74
CASH FLOW EXAMPLES............................................................76
Calculating IRR, NPV, and NFV for Annual Cash Flows ...........78
Calculating IRR, NPV, and NFV for Monthly Cash Flows .........79
Recalling and Replacing Cash Flows ........................................80
Recalling and Replacing Cash Flow Frequencies .....................80
APPENDIX .......................................................................................81
Default Settings..........................................................................81
Reset..........................................................................................81
Error Codes................................................................................81
Auto Shut-Off .............................................................................82
Batteries .....................................................................................82
Repair and Return......................................................................83
Warranty.....................................................................................83
Legal Notes................................................................................85
Looking For New Ideas..............................................................85
INDEX .............................................................................................86
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