Hud practice test solved - Study guides, Class notes & Summaries

1) A client would like to purchase a house 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 2) Six months ago a client left a job as a reporter to start a business in the retail industry. To prepare to buy a house, the client closed credit card accounts and has been using savings to pay down credit card debt and collections....

HUD Practice test (30 OUT OF 30) Questions and Answers (SOLVED)

HUD Practice test questions and answers solved 100% correct

HUD Practice Test and Correct Answers (SOLVED)

NMLS Practice Test Hard Questions with answers 100% solved 2023A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000....

PSI NJ Real Estate Mock Test -Correctly Solved 100% Pass Water Rights *ANS* The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is *ANS* an agent to the broker and a subagent to the principal. Depreciation is calculated based on the *ANS* Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the len...