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FREDDIE MAC - CREDIT SMART QUESTIONS AND COMPLETE SOLUTIONS A GRADED LATEST 2024/2025 $17.99   Add to cart
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FREDDIE MAC - CREDIT SMART QUESTIONS AND COMPLETE SOLUTIONS A GRADED LATEST 2024/2025
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  • Freddie Mac - Credit Smart
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  • Freddie Mac - Credit Smart

FREDDIE MAC - CREDIT SMART QUESTIONS AND COMPLETE SOLUTIONS A GRADED LATEST 2024/2025FREDDIE MAC - CREDIT SMART QUESTIONS AND COMPLETE SOLUTIONS A GRADED LATEST 2024/2025FREDDIE MAC - CREDIT SMART QUESTIONS AND COMPLETE SOLUTIONS A GRADED LATEST 2024/2025FREDDIE MAC - CREDIT SMART QUESTIONS AND COM...

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Document information

  • October 31, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • freddie mac credit smart questions and complete

Written for

  • Freddie Mac - Credit Smart
  • Freddie Mac - Credit Smart

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Willsmith22

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FREDDIE MAC - CREDIT SMART QUESTIONS
AND COMPLETE SOLUTIONS A GRADED
LATEST 2024/2025

The btbupercentage btbuof btbuyour btbugross btbumonthly btbuincome btbuthat btbugoes btbutoward btbupaying btbufor btbuyour
btbuhousing btbuexpenses btbuis btbucalled btbuthe btbu"housing btbuexpense btburatio" btbuand btbuis btbubased btbuon btbuthe btbutotal
btbuhousing btbupayment,bbt uwhich btbuincludes: btbu- btbuCorrect btbu btbuAnswer btbu✔✔ btbu- btbuPrincipal, btbuinterest,
btbuproperty btbutaxes, btbuhomeowner's btbuinsurance, btbumortgage btbuinsurance, btbuhomeowner's btbuor btbucondo
btbuassociation btbufees


Lenders btbudon't btbuinclude btbuyour btbufuture btbuhousing btbupayment btbuin btbuyour btbudebt-to-income btburatio, btbuonly btbuall
btbuother
buoutstanding btbudebts. btbu- btbuCorrect btbu btbuAnswer btbu✔✔btbu- btbuFalse


The btbuprincipal btbuamount btbuis btbuthe btbutotal btbuamount btbuborrowed. btbu- btbuCorrect btbu btbuAnswer btbu✔✔ btbu- btbuTrue

Do btbulenders btbuuse btbugross btbuincome btbuor btbunet btbuprofits btbuwhen btbucalculating btbumortgage btbuaffordability btbufor
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btbuself-be


An btbuescrow btbuaccount btbuis btbua btbuspecial btbuaccount btbumanaged btbuby btbuthe btbuborrower btbuthat btbuholds btbufunds
btbufor
buproperty btbutaxes btbuand btbuproperty btbuinsurance btbupayments. btbu- btbuCorrect btbu btbuAnswer btbu✔✔ btbu- btbuFalse


Having btbuadequate btbucash btbureserves btbudemonstrates btbuto btbuyour btbulender btbuthat btbuyou btbuhave btburesponsibly
btbumanagedbb t uyour btbumoney btbuand btbuhave btbusavings btbuand btbuother btbuassets btbuto btbufall btbuback btbuon btbuin
t uCorrect btbu btbuAnswer btbu✔✔btbu- btbuTrue
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Capital btbu- btbuor btbucash btbuto btbuclose btbu- btburefers btbuto btbuthe btbufunds btbuyou btbuneed btbuto btbusave btbuin btbuorder btbuto
btbucover btbuthe
bucost btbuof btbudown btbupayment btbuand btbuclosing btbucosts. btbu- btbuCorrect btbu btbuAnswer btbu✔✔btbu- btbuTrue


Acceptable btbusources btbuof btbucapital btbuinclude: btbu- btbuCorrect btbu btbuAnswer btbu✔✔btbu- btbuFunds btbufrom btbua btbufamily
bumember, btbufunds btbufrom btbua btbudown btbupayment btbuassistance btbuprogram btbuor btbufunds btbufrom btbuyour btbusavings
btbuaccount


Lenders btbuconsider btbuinvestments btbuto btbube btbu(select btbuall btbuthat btbuapply): btbu- btbuCorrect btbu btbuAnswer btbu✔✔btbu-
btbuLenders
buconsider btbuinvestments btbuto btbube btbuIRAs, btbubonds, btbuCDs, btbustocks btbuand btbu401(k) btbuplans.


To btbudetermine btbuif btbuyou btbuhave btbuadequate btbusavings btbuto btbuobtain btbua btbumortgage btbuand btbusustain
btbuhomeownership,bb t ulenders btbuwill btbuaverage btbuthe btbulast btbusix btbumonths btbuof btbuyour btbuchecking btbuand btbusaving
btbuaccount btbubalances. btbu- btbuCorrect btbu btbuAnswer btbu✔✔btbu- btbuFalse

,Lenders btbuconsider btbufour btbuprimary btbufactors btbuwhen btbudetermining btbuwhether btbuto btbuapprove btbua btbuloan btbu-
t uC's btbuof btbulending. btbuWhat btbuare btbuthey? btbu- btbuCorrect btbu btbuAnswer btbu✔✔ btbu- btbuCredit, btbuCapacity,
btbuthe btbu4bb
btbuCapital btbuand btbuCollateral

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