Household budget Study guides, Class notes & Summaries

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...

HUD Exam Prep Question and answers rated A+ 2024 % Impact of Account Payment History on Credit Score - correct answer 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - correct answer 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - correct answer ...

HUD Housing Counseling (HUD Housing Counseling Certification Exam) Latest Questions With Correct Answers. Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge Net I...

% Impact of Account Payment History on Credit Score 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score 15% portion of score based don the overall length of credit history in the report, as well as average age of...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - correct answer Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - correct answer Find a second job A credit report may contain which information? - correct answer The number of a...

HUD Housing Counseling Questions with complete solution 2023/2024Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns - correct answer Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge - correct answer Net Incom...

Which document should the counselor review with the client to identify spending habits and track expenses: - ANSWER Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER Net income Which item in the client's budget is a fixed expense? - ANSWER Car lease payment What is the maximum percent of area medium income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER 50% Which is the max...

Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge Net Income Which item in the client's budget is a fixed expense? A. Food B. Gasoline C. Car Lease Payment D. U...

Which document should the counselor review with the client to identify spending habits and track expenses: - Answer Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Answer Net income Which item in the client's budget is a fixed expense? - Answer Car lease payment What is the maximum percent of area medium income allowable for a household to qualify for a Housing Choice Voucher? - Answer 50% Which is...

Gero 605 Study Guide Questions with Verified Solutions Characteristics and Impact of Baby boomer generation on LTC? born post WWII btw 1946- 1964; first baby boomers started to retire in 2011 and all will be retired by 2025. They will be better educated and demand more from the system. Will cause increase in: chronic ill/disabled in LTC Characteristics of LTC as part of continuum? Client Oriented Comprehensive Integrated Component of LTC system: Consumers? Elderly (65 & older) Handicap...