Xinnix Ground School Mortgage Final Exam (all solved) Xinnix Ground Course Final (all answered) Xinnix Ground School (all solved) Xinnix SOAR Mock Exam (answered) XINNIX FLIGHT SCHOOL (solved) Xinnix Final (complete solutions available)
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A veteran has the ability to transfer a portion of their entitlement to another veteran. correct answers False 1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. correct answers False B...
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Add to cartA veteran has the ability to transfer a portion of their entitlement to another veteran. correct answers False 1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. correct answers False B...
On an FHA loan the upfront MIP should be included when calculating cash-to-close. correct answers False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) correct answers False A 3-Year ARM adjusts every 3 years correct answers True A Loan Offi...
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Add to cartOn an FHA loan the upfront MIP should be included when calculating cash-to-close. correct answers False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) correct answers False A 3-Year ARM adjusts every 3 years correct answers True A Loan Offi...
A veteran has the ability to transfer a portion of their entitlement to another veteran. correct answers False 1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. correct answers False B...
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Add to cartA veteran has the ability to transfer a portion of their entitlement to another veteran. correct answers False 1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. correct answers False B...
first-time homebuyer correct answers Someone who has never owned a home Move-up homebuyer correct answers Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer correct answers Purchasing a new home in a different city or st...
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Add to cartfirst-time homebuyer correct answers Someone who has never owned a home Move-up homebuyer correct answers Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer correct answers Purchasing a new home in a different city or st...
A fixed-rate second mortgage has the loan amount fully disbursed at closing. Monthly payments are amortized over the term of the loan. Once the balance is paid off the mortgage is closed. correct answers True A veteran may exchange a portion of their entitlement for cash. correct answers False ...
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Add to cartA fixed-rate second mortgage has the loan amount fully disbursed at closing. Monthly payments are amortized over the term of the loan. Once the balance is paid off the mortgage is closed. correct answers True A veteran may exchange a portion of their entitlement for cash. correct answers False ...
The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. correct answers True How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA correct answers 3 years What are the steps you should follow to deter...
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Add to cartThe rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. correct answers True How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA correct answers 3 years What are the steps you should follow to deter...
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