Back end ratio caps - Study guides, Class notes & Summaries

VA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ANSWERS· Origination: Process of creating a new mortgage loan; includes steps to attract and qualify a borrower · Funding: Process of transferring funds to a title or escrow company for disbursement · Underwriting: Process of evalu...

LUOA 9th Grade Earth Science Module 1 Test Review Questions and Answers Already Passed Which of the following are measurable? -How much sunlight a plant receives -The actual number of new leave on a plant -How often a plant is watered What is a control variable? A basis for comparison The ____________variable is changed by the experimenter. The __________ variable changes as a result of the __________ variable changing. -Independent -Dependent -Independent How do scientists prove a scientific...

HUD Exam - Housing Affordability Guaranteed Success All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mortgage...

All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mortgage insurance, and attorney's fees. D. A client who desires...

Millwright Level 2 – Bearings Questions and Answers Already Passed What are the principle parts of a friction bearing housing? Base, Base bolt slots, cap and cap bolt holes. What are friction bearing housings made from adn what factors influence the choice of housing? Cast Iron, Cast Steel, Fabricated Steel. Choice depends on the Load, The Rotational Speed, the Direction of Pull and the Support Design How are friction bearing dimensions expressed? In a fraction of their nominal size. Do all...

Default - Answer- When no payments made after 60 to 90 days... 30 for FHA loans Front-End Ratio Equation - Answer- Monthly housing expenses/gross monthly income Front-End Ratio maximums - Answer- 28% or less - conventional loan 31% or less for FHA, 30% or less for rentals Back-End Ratio (Debt-to-Income) Equation - Answer- total monthly debt expenses/gross monthly income Back-End Ratio Caps - Answer- 36% for conventional loans and renters, 43% for FHA, 45% for Energy Efficiency Mortg...

Default - Answer- When no payments made after 60 to 90 days... 30 for FHA loans Front-End Ratio Equation - Answer- Monthly housing expenses/gross monthly income Front-End Ratio maximums - Answer- 28% or less - conventional loan 31% or less for FHA, 30% or less for rentals Back-End Ratio (Debt-to-Income) Equation - Answer- total monthly debt expenses/gross monthly income Back-End Ratio Caps - Answer- 36% for conventional loans and renters, 43% for FHA, 45% for Energy Efficiency Mortg...

Where does Media Composer store the project files for private projects? - in the logged-on OS users' Documents folder Which button in the Select Project dialog box is used to navigate to the location of an external project? - The Folder Browse button Name the four principal windows of the Avid interface - Composer window, Timeline, Project Window, Bin window Which window serves as the central hub of your project? - project window What is a bin? - A bin is a container file that holds th...

Housing Counselor Exam Questions and Answers Already Passed Default When no payments made after 60 to 90 days... 30 for FHA loans Front-End Ratio Equation Monthly housing expenses/gross monthly income Front-End Ratio maximums 28% or less - conventional loan 31% or less for FHA, 30% or less for rentals Back-End Ratio (Debt-to-Income) Equation total monthly debt expenses/gross monthly income Back-End Ratio Caps 36% for conventional loans and renters, 43% for FHA, 45% for Energy Efficiency Mort...

LUOA 9th Grade Earth Science Module 1 Test Review Already Passed Which of the following are measurable? -How much sunlight a plant receives -The actual number of new leave on a plant -How often a plant is watered What is a control variable? A basis for comparison The ____________variable is changed by the experimenter. The __________ variable changes as a result of the __________ variable changing. -Independent -Dependent -Independent How do scientists prove a scientific theory before it beco...