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Xinnix bundled exams newest 2024/2025 versions with complete solutions $16.49   Add to cart

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Xinnix bundled exams newest 2024/2025 versions with complete solutions

Xinnix bundled exams newest 2024/2025 versions with complete solutions

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Xinnix SOAR Final Questions With Correct Solutions, Already Passed!!

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Using the information provided, answer the following question: Sales price = $225,000 Seller Contribution = $6,000 Closing Costs = $5,580 Prepaids = $2,250 What is the cash-to-close? - $9,705 A refinance transaction resulting from a divorce settlement where either the borrower or the coborrowe...

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XINNIX Ground School Final (Questions & Answers) Rated 100%

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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 t...

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XINNIX QUESTIONS & ANSWERS RATED 100% CORRECT

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Risky loan features - - negative amortization - interest only payment feature - loan terms in excess of 30 years - prepayment penalties - balloon mortgages A _________ loan is one that has met the ATR requirements, and meets some additional rules that focus on prohibiting risky loan features. ...

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Xinnix Ground School Mortgage Final Exam Questions And Answers Rated A+ New Update Assured Satisfaction

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Desktop Underwriting (DU) would result in a decision of Approve/Ineligible on a loan with excellent credit which qualifies as a jumbo loan program. - True All of the following documents must be provided by the builder to the mortgage company on an FHA new construction loan prior to the loan being...

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Xinnix Final Exam All Possible Questions and Answers with complete solution

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A borrower's income is a factor considered when determining the principal limit (maximum loan amount) for a reverse mortgage. - False A borrower's brother would like to give her money to help towards the down payment of her new house. This would be considered.... - A gift from a relative and wo...

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XINNIX FLIGHT SCHOOL QUESTIONS & ANSWERS RATED 100% CORRECT!!

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Choose the relationship between the name of the report and mortgage interest rate tendencies - When CPI goes up, rates tend to go up; when the GDP goes down, rates tend to go down; when the unemployment rate goes up, rates tend to go down. Although the appraiser makes the value determination, it ...

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Xinnix exam (Questions & Answers) Rated 100%

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Based on the following scenario, what is the borrower's qualifying ratios under FHLMC guidelines? PITI: $3,350 monthly Income: $8,350 monthly Debt: $595 - car payment - 40.12% / 47.25% A straw buyer is an individual who is paid to purchase a property and apply for a mortgage for someone who is...

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Xinnix Final Exam Questions With Correct Solutions, Already Passed!!

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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...

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Xinnix Ground School Questions And Answers Rated A+ New Update Assured Satisfaction

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A non-arm's length transaction occurs when the borrowers or any other party to the transaction have a direct relationship with another party to the transaction (including, but not limited to, the employer, lender, broker or appraiser). - True A partner's percentage of ownership and earnings can...

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