Exam (elaborations)
NMLS Test Prep (Latest Update)
NMLS Test Prep (Latest Update) A borrower receives $1,000 per month in rental income. How much of the income may be used to qualify the borrower for a loan? A. $1,000 B $800 C $750 D $1,250 - ANS-$750 The answer is $750. Generally, 75% of rental income may be used to qualify a borrower f...
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