Do you know how to calculate the cubic feet of a structure?
Do you need help calculating the following: If a buyer is facing $967.80 per month for principal and interest payments on her mortgage and also pays $458.35 per month on a demand loan, what is the minimum amount of annual income she must earn to qualify for the mortgage if the property taxes are $1,870 per year and a 42% TDS ratio is being used by the lending institution?
The answers to the above questions can be found in the online discussion forums, an invaluable learning tool for students at OREA Real Estate College.
Once students have created a profile, they can join a discussion group, post questions about course content, or use the search function to locate previously asked and answered questions. The forums are moderated by curriculum staff to ensure answers provided are correct.
Access to this password-protected area is through students’ My Portfolio account. Click on “My OREA Community (Discussion Forum for Courses)” on the left side of the screen, and then click on the “Forums” tab at the top of the screen. The “Search” button is located on the top right of they screen.
Forum thread stats
As at November 30, 2016, 33,964 users have contributed to 78,611 threads and 98,397 posts.
Popular threads typically deal with complex topics within a course, such as calculations and the agreement of purchase and sale.
The answers to the first two questions are noted below.
To calculate square feet, use length times width (l x w). In this calculation, the height of the house’s rooms (i.e., ceiling) is not taken into consideration. Therefore, the square footage is the same if a house had eight-foot ceilings or nine-foot ceilings.
To calculate cubic feet, use length times width times height (l x w x h). In this calculation, the height of the rooms (i.e., ceiling) is taken into consideration. Therefore, the cubic feet of a house with eight-foot ceilings would be different from a house with nine-foot ceilings.
You’re looking for the whole (larger number or income). Add the expenses and divided by 42%, as follows:
Expenses total: (967.80 x 12) + ($458.35 x 12) + 1,870 = $18,983.80 / 42% = $45,199.52
Use this triangle as an aid.
Part = Part (smaller #)
W = Whole (Iarger #)
R = Rate
P ÷ W = R
P ÷ R = W
W x R = P
If you need extra help with course content and would prefer to talk to a live person, you can contact the Instructor Support Line at 1-866-444-5557. Staffed by College instructors, the support line is available Monday to Friday, from 9:30 am to 4 pm.