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Xinnix Bundled Exams Questions and Answers 100% Verified and Updated 2024 Graded A
Xinnix Bundled Exams Questions and Answers 100% Verified and Updated 2024 Graded A
[Show more]Xinnix Bundled Exams Questions and Answers 100% Verified and Updated 2024 Graded A
[Show more]Xinnix Ground School Mortgage Final Exam 
Questions and Answers 100% Pass 
On an FHA loan the upfront MIP should be included when calculating cash-to-close. - Answer ️️ 
-False 
The borrower must have 5% of their own funds when putting 15% down on a primary residence. 
(FNMA) - Answer ️️ -Fa...
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Add to cartXinnix Ground School Mortgage Final Exam 
Questions and Answers 100% Pass 
On an FHA loan the upfront MIP should be included when calculating cash-to-close. - Answer ️️ 
-False 
The borrower must have 5% of their own funds when putting 15% down on a primary residence. 
(FNMA) - Answer ️️ -Fa...
Xinnix Mock Exam Review Questions and 
Answers with Verified Solutions 
Residual income is the amount of income available for family support after taxes and social 
security expense have been subtracted from the gross income and after PITI and other long-term 
debt has been paid. - Answer ️️ -Re...
Preview 2 out of 10 pages
Add to cartXinnix Mock Exam Review Questions and 
Answers with Verified Solutions 
Residual income is the amount of income available for family support after taxes and social 
security expense have been subtracted from the gross income and after PITI and other long-term 
debt has been paid. - Answer ️️ -Re...
Xinnix Ground School Questions and 
Answers 100% Verified 
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. - Answer ️️ 
-False 
YTD paystubs will be requires f...
Preview 3 out of 16 pages
Add to cartXinnix Ground School Questions and 
Answers 100% Verified 
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. - Answer ️️ 
-False 
YTD paystubs will be requires f...
Xinnix Ground School Questions and 
Answers Already Graded A 
first-time homebuyer - Answer ️️ -Someone who has never owned a home 
Move-up homebuyer - Answer ️️ -Currently owns, or has previously owned a home and is 
looking to move up in price, location, size, etc. 
Relocation Homebuyer - ...
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Add to cartXinnix Ground School Questions and 
Answers Already Graded A 
first-time homebuyer - Answer ️️ -Someone who has never owned a home 
Move-up homebuyer - Answer ️️ -Currently owns, or has previously owned a home and is 
looking to move up in price, location, size, etc. 
Relocation Homebuyer - ...
Xinnix Final Exam Questions and Answers 
with Verified Solutions 
A veteran has the ability to transfer a portion of their entitlement to another veteran. - Answer ️️ 
-False 
1. Gross rent may be considered effective income when an applicant is planning to rent their 
current residence after cl...
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Add to cartXinnix Final Exam Questions and Answers 
with Verified Solutions 
A veteran has the ability to transfer a portion of their entitlement to another veteran. - Answer ️️ 
-False 
1. Gross rent may be considered effective income when an applicant is planning to rent their 
current residence after cl...
Xinnix SOAR Mock Exam Questions and 
Answers Already Graded A 
A fixed-rate second mortgage has the loan amount fully disbursed at closing. Monthly payments 
are amortized over the term of the loan. Once the balance is paid off the mortgage is closed. - 
Answer ️️ -True 
A veteran may exchange a...
Preview 2 out of 5 pages
Add to cartXinnix SOAR Mock Exam Questions and 
Answers Already Graded A 
A fixed-rate second mortgage has the loan amount fully disbursed at closing. Monthly payments 
are amortized over the term of the loan. Once the balance is paid off the mortgage is closed. - 
Answer ️️ -True 
A veteran may exchange a...
TEST: Understanding Niche Products 
Questions and Answer 
Repairs/renovations can begin AFTER the renovation loan closes. - Answer ️️ -ANSWER: 
True 
On a renovation loan, the LTV is based on the after-improved value of the home. - Answer ️️ - 
ANSWER: True 
On a FHA 203(k) Limited only stru...
Preview 1 out of 2 pages
Add to cartTEST: Understanding Niche Products 
Questions and Answer 
Repairs/renovations can begin AFTER the renovation loan closes. - Answer ️️ -ANSWER: 
True 
On a renovation loan, the LTV is based on the after-improved value of the home. - Answer ️️ - 
ANSWER: True 
On a FHA 203(k) Limited only stru...
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