Move up homebuyer Study guides, Class notes & Summaries

Xinnix Ground School Exam Questions And Answers @ 2024...

Xinnix Ground School Questions and complete solutions first-time homebuyer Move-up homebuyer Relocation Homebuyer Affluent homebuyer Empty-nester homebuyer. Investor homebuyer End lender in mortgage banking End lender in mortgage brokering Correspondent lenders Wholesale lenders Fannie Mae (FNMA) Freddie Mac (FHLMC) FHA VA Non-agency loans Conforming loans Jumbo loan Conventional Non-conforming URLA Construction loan Construction-permanent loan P...

AYPO Real Estate Principles of Real Estate I Exam Study Guide 2024 TREC has the authority under TRELA to suspend or even revoke a broker's license if: - Answer-They conduct the unlawful practice of law ESAC stands for: -Answer-Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - Answer-Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? -Answer-5th Amendment. Th...

Colibri Real Estate. Ch. 14-23 Questions and Answers 2024 Ch. 14: Financing Practice (p. 177) Prequalification informal process of determining how much a potential homebuyer might be eligible to borrow doesn't guarantee approval, not binding on lender Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:08 / 0:15 Full screen Brainpower Read More Preapproval lender determines if potential borrowers can be financed through lender & for what amoun...

Xinnix Ground School Questions and Answers 100% Correct first-time homebuyer - Someone who has never owned a home Move-up homebuyer - Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer - Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer - Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer - Experienced home...

Xinnix Quiz Questions with correct Answers Ginnie Mae was wholly created to purchase government mortgages on the secondary market false which of the following was not a reason The Federal Housing Administration (FHA) was created to simplify mortgage forms match in order of creation 1st-FNMA 2nd-GNMA 3rd-FHLMC match the following FNMA-fannie mae FHLMC-Freddie Mac what allowed more conventional mortgages to be originated in the early 1970s with less risk to the ...

Xinnix Ground School Exam Questions With Answers first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced home...

first-time homebuyer - Answer- Someone who has never owned a home Move-up homebuyer - Answer- Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer - Answer- Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer - Answer- Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer - Answer- Experienced homebuyers lookin...

Xinnix Ground School Questions and Answers Already Graded A first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced homebuyers look...

A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 a month and would like to buy a new car. The client has a lease on an apartment with his college friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has been working as a teacher for five years and earns $50,000 a year. His div...