2 — Q
UALIFIER
P
LUS
®
III
FX
GETTING STARTED..........................................................................5
KEY DEFINITIONS .........................................................................5
Basic Operation Keys ..................................................................5
Mortgage Loan (TVM) Keys.........................................................6
Tax, Insurance and Expense Keys ............................................10
Tax Savings Keys.......................................................................11
Rent vs. Buy Keys .....................................................................12
Qualifying Keys ..........................................................................12
1st & 2nd Trust Deeds (Combo Loan) Keys ..............................15
Cash Flow Keys .........................................................................16
BASIC ARITHMETIC EXAMPLES ...............................................18
Arithmetic ...................................................................................18
Percent Calculations ..................................................................18
Figuring Straight Percent Commission ......................................18
Reduction in Listing Price (Discount %) ....................................19
Simple, 1-Year Home Appreciation (Add-on %).........................19
Date Examples...........................................................................20
CALCULATOR SETTINGS...........................................................21
Decimal Place Selection ............................................................21
Preference Settings ...................................................................22
MEMORY ......................................................................................24
Accumulative Memory................................................................24
Memory Storage Keys (M0-M5).................................................25
EXAMPLES ......................................................................................27
MORTGAGE LOANS/TIME-VALUE-OF-MONEY (TVM) .............27
Finding the Monthly Mortgage (P&I) Payment...........................28
Finding the Loan Amount ...........................................................28
Finding the Interest Rate ...........................................................28
Finding the Term of a Loan ........................................................29
Paying Off a Mortgage Early (Making Larger Payments) ..........29
Simple Interest vs. Compound Interest......................................30
Sales Price/Down Payment .......................................................30
Finding Loan Amount Based on Sales Price and Down
Payment..................................................................................30
Taxes and Insurance..................................................................31
Setting Tax and Insurance Percent Rates .................................32
Recalling Tax and Insurance Percent Rates..............................32
Setting Tax and Insurance Dollars .............................................32
Calculating Tax and Insurance Percent or Dollars.....................33
PITI Payment (Tax and Insurance Entered as Percent) ............34
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