XINNIX Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Graded to Pass!!

Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass On an FHA loan the upfront MIP should be included when calculating cash-to-close. - Answer ️️ -False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - Answer ️️ -Fa...

Mock Exam Review Questions and Answers Graded A (T or F): If a borrower tells you about a liability that is not listed on the credit report, it doesn't need to be included on the loan application. - Answer ️️ -False What is the maximum seller contribution allowed for a primary residence belo...

Xinnix Final Exam Questions and Answers with Verified Solutions A veteran has the ability to transfer a portion of their entitlement to another veteran. - Answer ️️ -False 1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after cl...

Xinnix Ground School Questions and Answers 100% Verified Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. - Answer ️️ -False YTD paystubs will be requires f...

Xinnix Ground Course Final Questions and Answers Rated A A veteran has the ability to transfer a portion of their entitlement to another veteran. - Answer ️️ -False A veteran does not have the ability to transfer a portion of their entitlement to another veteran. - Answer ️️ -True Gross...

Xinnix SOAR Final Questions and Answers Already Passed FNMA and FHLMC are what type of loan? - Answer ️️ -conforming the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies - Answer ️️ -true...

Xinnix Ground School Questions and Answers Already Graded A first-time homebuyer - Answer ️️ -Someone who has never owned a home Move-up homebuyer - Answer ️️ -Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer - ...

Xinnix SOAR Mock Exam Questions and Answers Already Graded A 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. - Answer ️️ -True A veteran may exchange a...