Hud practice exam - Study guides, Class notes & Summaries

HUD Practice Exam Questions with Complete Solutions

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - correct answerList of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - correct answer A credit report may contain which informat...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - Answer- Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - Answer- Find a second job A credit report may contain which information? - Answer- The number of accounts in collection status...

HUD Practice Exam | 89 Actual Questions and Answers 100% Correct

HUD Practice Exam Prep Questions and Answers (100% Pass)

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? A credit report may contain which information? Income history Cr...

What act came about after the assassination of MLK? - ANSWER-The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - ANSWER-Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - ANSWER-When weighing housing options A client works 40 hours a week making $15 an hour. What is the highest monthly mortgage the cli...

HUD Practice Exam

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - ANSWER-List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - ANSWER- A credit report may contain which information? - ANSWER-...

HUD PRACTICE EXAM EXACT SOLUTION.