Xinnix final questions Study guides, Class notes & Summaries
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Xinnix Final Exam Questions With Answers
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Xinnix Final Exam Questions With Answers 
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), $...
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Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2023
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Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass 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 ...
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Xinnix Final Exam Questions and Answers with Verified Solutions
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Xinnix Final Exam Questions and Answers 
with Verified Solutions 
A veteran has the ability to transfer a portion of their entitlement to another veteran. - 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. - Answer ️️ -False 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
Debt: $700 ca...
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Xinnix Final Exam Questions and Answers with Verified Solutions.
- Exam (elaborations) • 32 pages • 2024
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Xinnix Final Exam Questions and Answers with Verified Solutions.
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Xinnix Ground Course Final Exam/114 Questions with Verified Answers
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Xinnix Ground Course Final Exam/114 Questions with Verified Answers
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Xinnix Final Exam Questions With Answers
- Exam (elaborations) • 17 pages • 2024
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Xinnix Final Exam Questions With Answers 
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), $...
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XINNIX EXAM Xinnix final exam LATEST 2024-2025 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+ (FULL REVISED EXAM)
- Exam (elaborations) • 34 pages • 2024
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XINNIX EXAM Xinnix final exam LATEST ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+ (FULL REVISED EXAM)
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Xinnix Final Exam Questions With Answers @ 2024
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Xinnix Final Exam Questions With Answers @ 2024...
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Xinnix SOAR Final Questions and Answers Already Passed.
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Xinnix SOAR Final Questions and Answers Already Passed.
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Xinnix Final Exam Questions With Answers
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Xinnix Final Exam Questions With Answers 
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 
 
 
...
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