Xinnix final exam Study guides, Class notes & Summaries
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XINNIX Ground School Mortgage Final Exam | Complete Questions And Answers
- Exam (elaborations) • 5 pages • 2023
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XINNIX Ground School Mortgage Final Exam | Complete Questions And Answers 
 
XINNIX Ground School Mortgage Final Exam | Complete Questions And Answers
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Xinnix Final Exam Questions With Answers
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Xinnix Final Exam Questions With Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $...
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Xinnix Final Exam Questions With Answers
- Exam (elaborations) • 17 pages • 2024
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Xinnix Final Exam Questions With Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $...
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Xinnix Final Exam Questions With Answers
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Xinnix Final Exam Questions With Answers 
On an FHA loan the upfront MIP should be included when calculating cash-to-close. 
False 
 
 
The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) 
False 
 
 
A 3-Year ARM adjusts every 3 years 
True 
 
 
A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender specs. 
False 
 
 
A HELOC loan has an interest only payment 
True 
 
 
...
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Xinnix Final Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified | Ace the Test
- Exam (elaborations) • 32 pages • 2024
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Xinnix Final Exam Questions with 100% Correct 
Answers | Latest Version (2024/2025) Expert 
Verified | Ace the Test
Fear of missing out? Then don’t!
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Xinnix Final Exam Questions With Answers
- Exam (elaborations) • 17 pages • 2024
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Xinnix Final Exam Questions With Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $...
-
Xinnix Final Exam Questions With Answers
- Exam (elaborations) • 17 pages • 2024
-
- $13.59
- + learn more
Xinnix Final Exam Questions With Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $...
-
Xinnix Final Exam Questions With Answers
- Exam (elaborations) • 11 pages • 2024
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Xinnix Final Exam Questions With Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $...
-
XINNIX FINAL EXAM LATEST EXAM | GRADED A+ | VERIFIED ANSWERS | ALL QUESTIONS AND ANSWERS (JUST RELEASED)
- Exam (elaborations) • 29 pages • 2024
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XINNIX FINAL EXAM LATEST EXAM | GRADED A+ | VERIFIED ANSWERS | ALL QUESTIONS AND ANSWERS (JUST RELEASED)
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Xinnix Final Exam Questions With Correct Solutions, Already Passed!!
- Exam (elaborations) • 19 pages • 2024
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After the borrower submits a complete loan application, the LE must be delivered or placed in the mail 
within how many days? - 3 business days 
A program description contains the summary of eligibility requirements for a loan to be sold to a specific 
lender/investor. - True 
A borrower purchased a home on January 15th and is moving in on March 2nd. How many days from 
purchase to move in? (For non-leap years only) - 46 days 
1. Gross rent may be considered effective income when an applicant is...
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