Housing counselor exam - Study guides, Class notes & Summaries

HUD Housing Counselor Exam Questions With Complete Solutions. Adjustable Rate Mortgage (ARM) Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. Adjusted Gross Income Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, ...

HUD Housing Counselor Exam| 71 QUESTIONS| WITH COMPLETE SOLUTIONS GUARANTEED SUCCESS.2022 / 2024HUD Housing Counselor Exam| 71 QUESTIONS| WITH COMPLETE SOLUTIONS GUARANTEED SUCCESS.2022 / 2024HUD Housing Counselor Exam| 71 QUESTIONS| WITH COMPLETE SOLUTIONS GUARANTEED SUCCESS.2022 / 2024

Which is an eligibility factor for the Earned Income Tax Credit? - Answer- Receiving wages Which situation most likely indicates a loan modification scam? - Answer- The client receives a letter from a company guaranteeing a loan modification Which was instituted by Congress to better protect homebuyers following the most recent housing crisis - Answer- Consumer Finance Protection Bureau 121 Which is an example of a change enacted by Consumer Finance Protection Bureau (CFPB) that would...

HUD Housing Counselor Exam Questions With Complete Solutions.

HUD Housing Counselor Exam Question and answers 2023/2024 verified to passAdjustable Rate Mortgage (ARM) - correct answer Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. Adjusted Gross Income - correct answer Gross income minus adjustments, or reductions, that one is eligible for, such a...

Adjustable Rate Mortgage (ARM) - ANSWER Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. Adjusted Gross Income - ANSWER Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, tuition and fees, and contributions to certain ...

HUD Housing Counselor Exam Questions with complete solution 2024 What act are limited english proficiency persons protected under? - correct answer title VI of the civil rights act of 1964 Which act was passed in 1866? - correct answer the civil rights act of 1866 What did the civil rights act of 1866 bill declare? - correct answer "all persons born in the United States (except American Indians) were herby declared to be citizens of the United States" What supreme court case...

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...

Quiz :Adjustable Rate Mortgage (ARM) - Answer :Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. Quiz :Adjusted Gross Income - Answer :Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, tuition and fees, and contribu...

HUD Housing Counselor Exam Tested And Graded A+ Adjustable Rate Mortgage (ARM) ANS-Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. Adjusted Gross Income ANS-Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, tuition ...