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HUD Practice Exam Questions with COMPLETE Solution

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - Correct answer-List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home 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? - Correct answer- A credit report may contain which informa...

HUD Practice Exam Questions with Complete Solutions

What act came about after the assassination of MLK? - ANSWER-The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - ANSWER-Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - ANSWER-When weighing housing options A client works 40 hours a week making $15 an hour. What is the highest monthly mortgage the cli...

HUD Practice Exam Questions & Answers 2023/2024 What act came about after the assassination of MLK? - ANSWER-The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - ANSWER-Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - ANSWER-When weighing housing options A client works 40 hours a week making $15 an...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - ANSWER-List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home 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- A credit report may contain which information? - ANSWER-...

HUD Practice Exam

HUD Practice Exam Question answers 100% correct 2023What act came about after the assassination of MLK? - correct answer The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - correct answer Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - correct answer When weighing housing options A client work...

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