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Portable Network Graphic  |  1994-03-05  |  181KB  |  816x1056  |  8-bit (256 colors)
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OCR: Purchase Form First enter the basic numbers for the loan: purchase price of the property, the down pay yment. the loan interest rate and terms. If you do not have a specific value in mind for any one of these the program can Bacl ksolve for value see Bacl ksolve below Using these basic numbers, the program estimates the monthly payments and closing costs Remember to use the enter or return key after typing number in field Qualify ving Ratios Enter your pre -taxnonthly income and liabilities The program computes the "qualif ving ratios which represent the percentage of income devoted to making payments. Lenders prefer borrowers who can make the payments using small fraction of their income This means lenders want the qualifying ratios to be smali. The conservative upper limit for the real e ...