Xinnix ground school f Study guides, Class notes & Summaries

If the term of an ARM is 5 years or less, the qualifying rate is the Start Rate + 2% or the fully-indexed rate, whichever is greater - TRUE A program description contains the summary of eligibility requirements for a loan to be sold to a specific lender/investor - TRUE HOA dues are included in the PITI calculation. - FALSE The Correspondent lender is the "end" lender in a mortgage banker's transaction - TRUE What is their new loan amount and proposed monthly PITI based on 30-year fixed-...

XINNIX GROUND SCHOOL FINAL EXAM LATEST ALL 100 REAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) LATEST UPDATES | ALREADY GRADED A+ (NEW!!)

XINNIX Ground School Final Exam/6 Complete Q’s and A’s

Xinnix Ground School Exam Questions With Answers Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. False YTD paystubs will be requires from a borrower that is self-employed (schedule C) False A borrower requesting a jumbo loan will qualify for an agency loan False Trailing spouse income can be used for qualifying purposes. False The follow...

Xinnix Ground School Exam Questions With Answers Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. False YTD paystubs will be requires from a borrower that is self-employed (schedule C) False A borrower requesting a jumbo loan will qualify for an agency loan False Trailing spouse income can be used for qualifying purposes. False The follow...

Xinnix Ground School Exam Questions With Answers first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced home...

Xinnix Ground School Exam Questions With Answers first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced home...

XINNIX Ground School Final|Questions/Answers from multiple Mock Exams A program description contains the summary of eligibility requirements for a loan to be sold to a specific lender/investor Correct Answer-TRUE If the term of an ARM is 5 years or less, the qualifying rate is the Start Rate + 2% or the fullyindexed rate, whichever is greater Correct Answer-TRUE HOA dues are included in the PITI calculation. Correct Answer-FAL

XINNIX Ground School Final Exam With Answers...