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HUD Bundled Exams with Complete Solution | Verified | Guaranteed Success
HUD Bundled Exams with Complete Solution | Verified | Guaranteed Success
[Show more]HUD Bundled Exams with Complete Solution | Verified | Guaranteed Success
[Show more]Which document is most important when working with a client to develop an initial budget as part of a 
Client Action Plan? - Pay Stub 
A client would like to purchase a home within one year. The client is motivated to increase household 
income as a way to save for a down payment and qualify for a l...
Preview 2 out of 10 pages
Add to cartWhich document is most important when working with a client to develop an initial budget as part of a 
Client Action Plan? - Pay Stub 
A client would like to purchase a home within one year. The client is motivated to increase household 
income as a way to save for a down payment and qualify for a l...
Jake has a session with a new client, Ruth, later that day. She has received notice that her apartment 
complex, which offers her project-based housing assistance, will be sold to a new management company 
in six months. The new company will renovate the building and will no longer participate in th...
Preview 2 out of 10 pages
Add to cartJake has a session with a new client, Ruth, later that day. She has received notice that her apartment 
complex, which offers her project-based housing assistance, will be sold to a new management company 
in six months. The new company will renovate the building and will no longer participate in th...
Which describes the legally enforceable terms that govern the use of real estate? 
A. Residential security restrictions 
B. Deed restrictions 
C. Redlined Maps 
Government-sponsored deeds - B. Deed Restrictions 
-Deed restrictions are legally enforceable terms that govern the use of real estate. Dee...
Preview 2 out of 6 pages
Add to cartWhich describes the legally enforceable terms that govern the use of real estate? 
A. Residential security restrictions 
B. Deed restrictions 
C. Redlined Maps 
Government-sponsored deeds - B. Deed Restrictions 
-Deed restrictions are legally enforceable terms that govern the use of real estate. Dee...
Which document is most important when working with a client to develop an initial budget as part of a 
Client Action Plan? 
Pay stub 
Retirement plan statement 
List of assets 
Current lease - Pay stub 
A client would like purchase a home within one year. The client is motivated to increase househol...
Preview 3 out of 25 pages
Add to cartWhich document is most important when working with a client to develop an initial budget as part of a 
Client Action Plan? 
Pay stub 
Retirement plan statement 
List of assets 
Current lease - Pay stub 
A client would like purchase a home within one year. The client is motivated to increase househol...
Which document should the counselor review with the client to identify spending habits and track 
expenses? - Bank Statement 
Which additional information would the housing counselor need to prepare a household budget for this 
client? - Net income 
Which item in the client's budget is a fixed expe...
Preview 3 out of 22 pages
Add to cartWhich document should the counselor review with the client to identify spending habits and track 
expenses? - Bank Statement 
Which additional information would the housing counselor need to prepare a household budget for this 
client? - Net income 
Which item in the client's budget is a fixed expe...
What is the maximum percent of area median income allowable for a household to qualify for a Housing 
Choice Voucher? - 50% 
Which is the maximum recommended housing ratio for renting an apartment? - 30% 
Eligibility requirements for down-payment assistance programs include which factors? - Income, ...
Preview 4 out of 34 pages
Add to cartWhat is the maximum percent of area median income allowable for a household to qualify for a Housing 
Choice Voucher? - 50% 
Which is the maximum recommended housing ratio for renting an apartment? - 30% 
Eligibility requirements for down-payment assistance programs include which factors? - Income, ...
All of the following are true statements about upfront costs associated with renting and buying, except; 
A. Renters generally pay a security deposit upon signing a lease. 
B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. 
C. Closing costs are ...
Preview 1 out of 4 pages
Add to cartAll of the following are true statements about upfront costs associated with renting and buying, except; 
A. Renters generally pay a security deposit upon signing a lease. 
B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. 
C. Closing costs are ...
What act came about after the assassination of MLK? - The Civil Rights Act of 1968 
A client does not receive a written monthly statement from the credit card company. Which credit law 
could this omission violate? - Fair Credit Billing Act 
In which situation would a client's responsibilities, rec...
Preview 2 out of 12 pages
Add to cartWhat act came about after the assassination of MLK? - The Civil Rights Act of 1968 
A client does not receive a written monthly statement from the credit card company. Which credit law 
could this omission violate? - Fair Credit Billing Act 
In which situation would a client's responsibilities, rec...
The following contributed to the increase in foreclosure rates, except: 
A. Subprime lending 
B. Risky loan products with feature like negative amortization 
C. Demand from the secondary market 
D. Homeowners paying off mortgages early 
E. Using teaser rates to qualify more borrowers. - D. Homeowner...
Preview 2 out of 12 pages
Add to cartThe following contributed to the increase in foreclosure rates, except: 
A. Subprime lending 
B. Risky loan products with feature like negative amortization 
C. Demand from the secondary market 
D. Homeowners paying off mortgages early 
E. Using teaser rates to qualify more borrowers. - D. Homeowner...
All of the following would help a counselor develop a realistic household budget, except: 
A. Payment information for a paid-off car 
B. Amount spent on groceries 
C. Rent payment information 
D. Monthly cable bill - Answer: A 
Since the car is paid off, the expense does not need to be included in t...
Preview 2 out of 5 pages
Add to cartAll of the following would help a counselor develop a realistic household budget, except: 
A. Payment information for a paid-off car 
B. Amount spent on groceries 
C. Rent payment information 
D. Monthly cable bill - Answer: A 
Since the car is paid off, the expense does not need to be included in t...
Which document should the counselor review with the client to identify spending habits and track 
expenses: - Bank statement 
Which additional information would the housing counselor need to prepare a household budget for this 
client? - Net income 
Which item in the client's budget is a fixed expe...
Preview 2 out of 13 pages
Add to cartWhich document should the counselor review with the client to identify spending habits and track 
expenses: - Bank statement 
Which additional information would the housing counselor need to prepare a household budget for this 
client? - Net income 
Which item in the client's budget is a fixed expe...
Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) - Civil 
Rights Act of 1866 
banned discrimination in the rental or sale of housing (Race, color, religion, national origin) - Fair 
Housing Act of 1968 
added gender (sex) to the protected classes - Hou...
Preview 3 out of 30 pages
Add to cartFederal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) - Civil 
Rights Act of 1866 
banned discrimination in the rental or sale of housing (Race, color, religion, national origin) - Fair 
Housing Act of 1968 
added gender (sex) to the protected classes - Hou...
Which factor is best for housing counselors to use when determining how much a client can afford to 
spend on purchasing a home? 
A. Debt to-income ratios 
B. Annual gross income 
C. Savings 
D. Options A, B, C 
E. None of the above - D. Options A, B, and C 
A person or company that makes loans for ...
Preview 2 out of 10 pages
Add to cartWhich factor is best for housing counselors to use when determining how much a client can afford to 
spend on purchasing a home? 
A. Debt to-income ratios 
B. Annual gross income 
C. Savings 
D. Options A, B, C 
E. None of the above - D. Options A, B, and C 
A person or company that makes loans for ...
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