Front end ratio maximums - Study guides, Class notes & Summaries

Housing Counselor Exam Questions and Answers...

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 Mortgage l...

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 Mortgage l...

Housing Counselor Exam Prep Questions & 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 E...

Housing Counselor Exam Prep Questions & 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 E...

Housing Counselor Exam Prep Questions & 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 E...

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 Mortgage loan Four C's of ...

Default correct answers When no payments made after 60 to 90 days... 30 for FHA loans Front-End Ratio Equation correct answers Monthly housing expenses/gross monthly income Front-End Ratio maximums correct answers 28% or less - conventional loan 31% or less for FHA, 30% or less for rentals Back-End Ratio (Debt-to-Income) Equation correct answers total monthly debt expenses/gross monthly income Back-End Ratio Caps correct answers 36% for conventional loans and renters, 43% for FHA, 4...

Alabama Real Estate License Exam 175 Questions Correct Answers After passing state exam, you have ___ days to apply for a Temporary License, either on an Active or Inactive basis. >>90 Temporary Licenses are only valid for ___ year(s), and cannot be renewed. >>1 For an Original License, you must pass a ___ hour post-license course. >>30 If Temporary License is ACTIVE, the post-license course must be completed within ___ months. >>6. If the post-license course i...

Alabama Real Estate License Exam 175 Questions Correct Answers. 100% Graded A+ Document Content and Description Below Alabama Real Estate License Exam 175 Questions Correct Answers After passing state exam, you have ___ days to apply for a Temporary License, either on an Active or Inactive basis. >>90 Temporary L icenses are only valid for ___ year(s), and cannot be renewed. >>1 For an Original License, you must pass a ___ hour post-license course. >>30 If Temporary License i...