Xinnix ground school exam Study guides, Class notes & Summaries

Xinnix Ground School Mortgage Final Exam Questions and answers latest update 2024

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. - Answer- False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - Answer- False A 3-Year ARM adjusts every 3 years - 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. - Answer- Fals...

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. - Answer- False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - Answer- False A 3-Year ARM adjusts every 3 years - 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. - Answer- Fals...

Xinnix Ground School Mortgage Final Exam/ XINNIX GROUND SCHOOL (ACTUAL) LATEST 2024 WITH EXPERT CERTIFIED QUESTIONS AND ANSWERS I ALREADY GRADED A+ NEW!

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-weekly have t...

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. - Answer ️️ -False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - Answer ️️ -False A 3-Year ARM adjusts every 3 years - 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 ...

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Xinnix Ground School Mortgage Final Exam | Questions with 100% Correct Answers | Latest Update 2024 | Verified