NMLS Test Prep (Latest Update) A borrower receives $1,000 per month in rental income. How much of the income may be used to qualify the borrower for a loan? A. $1,000 B $800 C $750 D $1,250 - ANS-$750 A customer asks his mortgage broker for the name of a good title company. The broker has a list...
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NMLS Test Prep (Latest 2023-2024 Update) A borrower receives $1,000 per month in rental income. How much of the income may be used to qualify the borrower for a loan? A. $1,000 B $800 C $750 D $1,250 - ANS-$750 The answer is $750. Generally, 75% of rental income may be used to qualify a borr...
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Add to cartNMLS Test Prep (Latest 2023-2024 Update) A borrower receives $1,000 per month in rental income. How much of the income may be used to qualify the borrower for a loan? A. $1,000 B $800 C $750 D $1,250 - ANS-$750 The answer is $750. Generally, 75% of rental income may be used to qualify a borr...
NMLS flashcards #2 (Latest Update A+) A customer asks his mortgage broker for the name of a good title company. The broker has a list of several companies with whom she has done business with in the past. At what point according to RESPA must she give the customer an AfBA disclosure? A. at lea...
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Add to cartNMLS flashcards #2 (Latest Update A+) A customer asks his mortgage broker for the name of a good title company. The broker has a list of several companies with whom she has done business with in the past. At what point according to RESPA must she give the customer an AfBA disclosure? A. at lea...
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