Exam (elaborations)
Xinnix Ground School Mortgage Final Exam | 55 Questions with 100% Correct Answers
- Course
- Xinnix
- Institution
- Liberty University
On an FHA loan the upfront MIP should be included when calculating cash-to-close. Correct Answer: False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) Correct Answer: False A 3-Year ARM adjusts every 3 years Correct Answer: True A Loan ...
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