Hud home ownership exam - Study guides, Class notes & Summaries

MN Course 1 Exam Prep: Property Types, Title, and Environmental Issues Already Passed Manufactured vs. modular home Manufactured: A home that is built according to HUD construction standards. Updated term for a mobile home or house trailer. Modular: Units that are constructed in factories off-site according to state building codes. Once assembled on the home site, considered to be real property. Land Property that includes the surface of the earth, down to the center of the earth,...

Verified Study Guide: HUD Exam – Home Ownership |2024/2025 study year| 100% Correct Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? A. Debt to-income ratios B. Annual gross income C. Savings D. Options A, B, C E. None of the above *Ans* D. Options A, B, and C A person or company that makes loans for real estate purchases. "Loan officer" is a related term that refers to a representative of a lendin...

NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 mo...

HUD Housing Counselor Module- Avoiding Foreclosure Exam Questions and Answers 100% Pass Which of the following did NOT contribute to the increase in foreclosure rates during the mortgage crisis? - Risky loan products with features like negative amortization - Homeowners paying off mortgages early - Aggressive marketing of Home Equity Line of Credits (HELOC) - Using teaser rates to qualify more borrowers - Correct Answer ️️ -Homeowners paying off mortgages early This program made it ...

HUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED AHUD (Home ownership) EXAM Q&A RATED A

NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024. If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 months - correct answer C. 3 months An established business relationship with a company also will be created if you make an inquiry to the company, or submit an application to it. This kind of established business relationship exists for...

HUD Certification Exam Questions and Answers 100% Pass Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease - Correct Answer ️️ -Pay stub A client would like 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 reac...

BASIC APPRAISAL PROCEDURES MCKISSOCK EXAM WITH COMPLETE QUESTIONS AND CORRECT ANSWERS ground rent capitalization method - Answer-estimating land value applied by capitalizing ground rent at a market-derived rate Uniform appraisal dataset - Answer-standardized reporting requirements used in residential mortgage lending appraisal reports manufactured home - Answer-factory built house manufactured under the Fed Manufactured home Construction and safety standards act of 1976 modular home ...

NJ Real Estate Exam Questions According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license d. disclose in the contract of sale that th...

HUD Housing Counselor Module- Avoiding Foreclosure Exam Questions and Answers 100% Pass Which of the following did NOT contribute to the increase in foreclosure rates during the mortgage crisis? - Risky loan products with features like negative amortization - Homeowners paying off mortgages early - Aggressive marketing of Home Equity Line of Credits (HELOC) - Using teaser rates to qualify more borrowers - Correct Answer ️️ -Homeowners paying off mortgages early This program made it ...