Note:
The payment for 4th and 5th adjust-
ments (corresponding to the 5th and 6th
years) are the same because the lifetime cap
was reached on the 4th adjustment. An “M”
for “maximum” displays when the Cap is
reached. Before starting a new ARM problem,
press
0 [Set] [%]
to reset the Cap to “0.”
Qualifying — Qualifier Plus IIx Only
When qualifying a prospective buyer,
the
[Qual 1]
and
[Qual 2]
keys are
used to perform the following qualify-
ing functions:
1.
Store an Income:Debt 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., Government, FHA/VA,
etc.), Income and Debt ratios; other-
wise 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.
46 — Real Estate Master
®
IIx/Qualifier Plus
®
IIx
