Xinnix
Liberty University
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Xinnix TESTS BUNDLE
- Package deal • 7 items • 2023
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Xinnix TESTS BUNDLE
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Xinnix Final | 186 Questions| with 100% Correct Answers
- Exam (elaborations) • 14 pages • 2023
- Available in package deal
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- $10.49
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A veteran has the ability to transfer a portion of their entitlement to another veteran. Correct Answer: False 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. Correct Answer: False 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $170 credit car...
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Xinnix Final | 117 Questions| with 100% Correct Answers
- Exam (elaborations) • 9 pages • 2023
- Available in package deal
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- $11.49
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A veteran has the ability to transfer a portion of their entitlement to another veteran. Correct Answer: False 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. Correct Answer: False 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $170 credit car...
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Xinnix Flight School Study Cards
- Exam (elaborations) • 4 pages • 2023
- Available in package deal
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- $9.49
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T or F - You are required to disclose why a loan was declined, if applicable, to the lender you are transferring a loan package to for all FHA and VA Loans Correct Answer: True 
 
What following repairs are allowed under the FHA 203(K) Standard Program Correct Answer: - Those allowed by 203(K) limited 
- converting a 1-family to a 2, 3, 4 family structure. 
- decreasing an existing multi unit structure to a one to four family structure 
- Reconstructing a structure that has been or will be de...
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Xinnix Ground School Mortgage Final Exam | 55 Questions with 100% Correct Answers
- Exam (elaborations) • 4 pages • 2023
- Available in package deal
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- $12.49
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On an FHA loan the upfront MIP should be included when calculating cash-to-close. Correct Answer: False 
 
The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) Correct Answer: False 
 
A 3-Year ARM adjusts every 3 years Correct Answer: True 
 
A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender specs. Correct Answer: False 
 
A HELOC loan has an interest only payme...
And that's how you make extra money
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Xinnix Ground School | 145 Questions with 100% Correct Answers
- Exam (elaborations) • 12 pages • 2023
- Available in package deal
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- $12.99
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Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. Correct Answer: False 
 
YTD paystubs will be requires from a borrower that is self-employed (schedule C) Correct Answer: False 
 
A borrower requesting a jumbo loan will qualify for an agency loan Correct Answer: False 
 
Trailing spouse income can be used for qualifying purposes. Correct Answer: False 
 
The ...
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Bundle for Xinnix Tests Compilation | Verified
- Package deal • 6 items • 2022
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- $25.49
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Bundle for Xinnix Tests Compilation | Verified
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Xinnix Ground School | 145 Questions with 100% Correct Answers
- Exam (elaborations) • 12 pages • 2022
- Available in package deal
-
- $10.49
- + learn more
Flipping is a scheme where several people each purchase a property within the 
neighborhood and then sell the properties to one another, inflating the price of the home 
with each sale. - False 
YTD paystubs will be requires from a borrower that is self-employed (schedule C) - 
False 
A borrower requesting a jumbo loan will qualify for an agency loan - False 
Trailing spouse income can be used for qualifying purposes. - False 
The following are types of renovation mortgages - FNMA Homestyle and ...
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Xinnix Final | 117 Questions with 100% Correct Answers
- Exam (elaborations) • 9 pages • 2022
- Available in package deal
-
- $9.49
- + learn more
A veteran has the ability to transfer a portion of their entitlement to another veteran. - 
False 
1. Gross rent may be considered effective income when an applicant is planning to rent 
their current residence after closing on the purchase of their new home. - False 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
Debt: $700 car payment, $375 student loan ($2,250 balance), $170 credit card 
payments ($1,530 balance - No 
...
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Xinnix Ground School Mortgage Final Exam | 55 Questions with 100% Correct Answers
- Exam (elaborations) • 5 pages • 2022
- Available in package deal
-
- $10.49
- + learn more
On an FHA loan the upfront MIP should be included when calculating cash-to-close. - 
False 
The borrower must have 5% of their own funds when putting 15% down on a primary 
residence. (FNMA) - False 
A 3-Year ARM adjusts every 3 years - True 
A Loan Officer can locate the summary of the eligibility requirements for a loan to be 
sold to a specific lender/investor in the lender specs. - False 
A HELOC loan has an interest only payment - True 
A borrower paid semi-monthly and a borrower paid bi-we...
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