Xinnix SOAR
Liberty University
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XINNIX soar mock exam 2023 questions and answers with complete solution(A+ Guaranteed)
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1.	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.: True 
2.	A veteran may exchange a portion of their entitlement for cash.: False 
3.	Judgments and tax liens are required to be paid off at or prior to loan closing. (FNMA/FHLMC): True 
4.	Gross rent may be considered effective income when an applicant is planning to rent their current residence after closin...
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XINNIX soar mock exam 2023 questions and answers with complete solution(A+ Guaranteed)
- Exam (elaborations) • 5 pages • 2023
-
- $9.49
- + learn more
1.	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.: True 
2.	A veteran may exchange a portion of their entitlement for cash.: False 
3.	Judgments and tax liens are required to be paid off at or prior to loan closing. (FNMA/FHLMC): True 
4.	Gross rent may be considered effective income when an applicant is planning to rent their current residence after closin...
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Xinnix TESTS BUNDLE
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Xinnix TESTS BUNDLE
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Xinnix SOAR Final Exam Questions Compilation | 100% Correct Answers | 566 Questions | 39 Pages | Everything you need
- Exam (elaborations) • 39 pages • 2023
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FNMA and FHLMC are what type of loan? Correct 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 Correct Answer: true 
 
conventional loans are not insured by the federal government Correct Answer: true 
 
Agency loans include FHA and VA loans Correct Answer: true 
 
the proceeds of a loan for cash out refinance may be used by the borrower to insure a new pool Correct...
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Xinnix SOAR Mock Exam | 70 Questions with 100% Correct Answers
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
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- $12.49
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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. Correct Answer: True 
 
A veteran may exchange a portion of their entitlement for cash. Correct Answer: False 
 
Judgments and tax liens are required to be paid off at or prior to loan closing. (FNMA/FHLMC) Correct Answer: True 
 
Gross rent may be considered effective income when an applicant is planning to...
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Bundle for Xinnix Tests Compilation | Verified
- Package deal • 6 items • 2022
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Bundle for Xinnix Tests Compilation | Verified
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Xinnix SOAR Mock Exam | 70 Questions with 100% Correct Answers
- Exam (elaborations) • 5 pages • 2022
- Available in package deal
-
- $5.49
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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. - True 
A veteran may exchange a portion of their entitlement for cash. - False 
Judgments and tax liens are required to be paid off at or prior to loan closing. 
(FNMA/FHLMC) - True 
Gross rent may be considered effective income when an applicant is planning to rent 
their current residence after closing on ...
-
Xinnix SOAR Final Exam Questions Compilation | 100% Correct Answers | 566 Questions | 41 Pages | Everything you need
- Exam (elaborations) • 41 pages • 2022
- Available in package deal
-
- $12.49
- + learn more
FNMA and FHLMC are what type of loan? - conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help 
consumers understand the terms of their agreements with financial companies - true 
conventional loans are not insured by the federal government - true 
Agency loans include FHA and VA loans - true 
the proceeds of a loan for cash out refinance may be used by the borrower to insure a 
new pool - true 
a non-agency loan does not have to conform to FNMA guidelines - t...
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