Hud test 1 stuvia - Study guides, Class notes & Summaries

Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER-Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER-Net income Which item in the client's budget is a fixed expense? - ANSWER-Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER-50% Which is the max...

HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A) Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER-Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER-Net income Which item in the...

HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Questions and Answers (Graded A+)HUD Test 1 Quest...

Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER Net income Which item in the client's budget is a fixed expense? - ANSWER Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER 50% Which is the max...

1) A client would like to purchase a house within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - ANSWER Find a second job 2) Six months ago a client left a job as a reporter to start a business in the retail industry. To prepare to buy a house, the client closed credit card accounts and has been using savings to pay down credit card debt and collections. ...

1) A client would like to purchase a house within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - ANSWER-Find a second job 2) Six months ago a client left a job as a reporter to start a business in the retail industry. To prepare to buy a house, the client closed credit card accounts and has been using savings to pay down credit card debt and collections. ...

Kansas Real Estate Test Practice Questions and Answers In deciding on whether to make a residential home loan, a lender would normally consider the borrower's - ANSWER-debt to income ratio A property sold for $200,000 with an 80% loan to value ratio. The lender charged 1 discount point in connection with the loan. What was the amount for the discount points? - ANSWER-$1,600 A buyer is inquiring as to what the principal and interest payment will be on a property that is being purchased....