Housing payment ratio - Study guides, Class notes & Summaries
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HUD 2023-2024 Practice Exam Questions and Answers 100% Correct
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HUD Practice Exam Questions and Answers 100% CorrectHUD Practice Exam Questions and Answers 100% CorrectHUD Practice Exam Questions and Answers 100% CorrectHUD Practice Exam Questions and Answers 100% CorrectA 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 cl...
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HUD Housing Counseling Exam Question and answers rated A+ 2024
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HUD Housing Counseling Exam Question and answers rated A+ 2024 
Back-end ratio - correct answer The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and...
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED 
In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act 
What happens to trade fixtures after a business moves out of a leased property? The tenant remo...
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers,100% CORRECT
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers 
 
Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities 
 
CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads 
 
Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...
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HUD Housing Counselor Certification Practice Questions with Correct Answers
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What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? Correct Answer 50% 
 
Which is the maximum recommended housing ratio for renting an apartment? Correct Answer 30% 
 
Eligibility requirements for down-payment assistance programs include which factors? Correct Answer Income, home-buyer education, purchase price 
 
The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an 
FHA mortgage...
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HUD Housing Counselor Certification Exam |120| questions with correct answers 100% verified
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HUD Housing Counselor Certification Exam |120| questions with correct answers 100% verified 
What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? ANS-50% 
 
Which is the maximum recommended housing ratio for renting an apartment? ANS-30% 
 
Eligibility requirements for down-payment assistance programs include which factors? ANS-Income, home-buyer education, purchase price 
 
The client is considering an FHA mortgage. What is the upf...
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HUD PRACTICE TEST QUESTIONS AND VERIFIED SOLUTIONS 2024/2025 GRADED A+.
- Exam (elaborations) • 14 pages • 2024
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HUD PRACTICE TEST 
QUESTIONS AND VERIFIED 
SOLUTIONS 2024/2025 GRADED 
A+. 
2 / 7 
1. Which document is most important when working with a client to developan initial budget as 
part of a Client Action Plan?: Pay Stub 
2. A client would like to purchase a home within one year. The client is moti- vated to increase 
household income as a way to save for a down payment andqualify for a loan.Which is the 
best solution for the client to reach this goal?: Find a second job 
3. A credit report may co...
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HUD Housing Counselor Certification Practice Exam Chamberlain
- Exam (elaborations) • 43 pages • 2023
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What is the maximum percent of area median income allowable for a household to qualify for a Housing 
Choice Voucher? 
50% 
Which is the maximum recommended housing ratio for renting an apartment? 
30% 
Eligibility requirements for down-payment assistance programs include which factors? 
Income, home-buyer education, purchase price 
The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) 
for an 
FHA mortgage? 
1.75% 
If the client was denied a mortgage ...
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HUD Test 1 | 160 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Which document should the counselor review with the client to identify spending habits and track 
expenses? - Bank Statement 
Which additional information would the housing counselor need to prepare a household budget for this 
client? - Net income 
Which item in the client's budget is a fixed expense? - Car lease payment 
What is the maximum percent of area median income allowable for a household to qualify for a Housing 
Choice Voucher? - 50% 
Which is the maximum recommended housing ratio fo...
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HUD 2024 Practice Exam Correct Questions & Answers!!
- Exam (elaborations) • 33 pages • 2024
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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...
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