Xinnix
Liberty University
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Xinnix Final | 186 Questions with 100% Correct Answers
- Exam (elaborations) • 15 pages • 2022
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A veteran has the ability to transfer a portion of their entitlement to another veteran. -
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. - False
Based on the following scenario, does the borrower qualify within FNMA guidelines?
PITI: $1,725 monthly
Income: $7,000
Debt: $700 car payment, $375 student loan ($2,250 balance), $170 credit card
payments ($1,530 balance - No
...
Exam (elaborations)
Xinnix Final | 186 Questions with 100% Correct Answers
Last document update:
ago
A veteran has the ability to transfer a portion of their entitlement to another veteran. - 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. - False Based on the following scenario, does the borrower qualify within FNMA guidelines? PITI: $1,725 monthly Income: $7,000 Debt: $700 car payment, $375 student loan ($2,250 balance), $170 credit card payments ($1,530 balance - No ...
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