Xinnix exam Study guides, Class notes & Summaries

XINNIX Ground School Mortgage Final Exam | Complete Questions And Answers XINNIX Ground School Mortgage Final Exam | Complete Questions And Answers

XINNIX Mock Exam Review With Questions And Answers 2023/2024 Quiz XINNIX Mock Exam Review With Questions And Answers 2023/2024 Quiz

Based on the following scenario, what is the borrower's qualifying ratios under FHLMC guidelines? PITI: $3,350 monthly Income: $8,350 monthly Debt: $595 - car payment - 40.12% / 47.25% A straw buyer is an individual who is paid to purchase a property and apply for a mortgage for someone who is unable to qualify for a loan. - True A borrower's brother would like to give her money to help towards the down payment of her new house. This would be considered _________ - A gift from a relativ...

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)

Xinnix Exam Questions and Answers 100% Pass Loans with an LTV >80% will typically require mortgage insurance. (FNMA/FHLMC) - Answer- True What is the maximum seller contribution allowed for a primary residence at 95% LTV? (FNMA/FHLMC) - Answer- 3% On an ARM, redisclosure of the Truth in Lending is required if the APR changes more than ____%? - Answer- .25 FHA loans have both a BASE Loan Amount and Total Loan Amount - Answer- True A borrower's brother would like to give her money to h...

Xinnix Exam Questions and Answers 100% Pass Loans with an LTV >80% will typically require mortgage insurance. (FNMA/FHLMC) - Answer- True What is the maximum seller contribution allowed for a primary residence at 95% LTV? (FNMA/FHLMC) - Answer- 3% On an ARM, redisclosure of the Truth in Lending is required if the APR changes more than ____%? - Answer- .25 FHA loans have both a BASE Loan Amount and Total Loan Amount - Answer- True A borrower's brother would like to give her money to h...

Xinnix Exam – Questions and answers 100% Verified.

XINNIX Mortage Basix Exam Questions and Answers 100% Pass What does FNMA stand for? - Answer- Federal National Mortgage Association What does FHLMC stand for? - Answer- Federal Home Loan Mortgage Corporation What does AU stand for, and what is it? - Answer- Automated Underwriting, a computerized system that uses historical statistics to issue a decision of how to proceed with a loan request. The Purposes of Property acceptable for FNMA and FHLMC include: - Answer- Primary Residence, Seco...

XINNIX Mortage Basix Exam Questions and Answers 100% Pass What does FNMA stand for? - Answer- Federal National Mortgage Association What does FHLMC stand for? - Answer- Federal Home Loan Mortgage Corporation What does AU stand for, and what is it? - Answer- Automated Underwriting, a computerized system that uses historical statistics to issue a decision of how to proceed with a loan request. The Purposes of Property acceptable for FNMA and FHLMC include: - Answer- Primary Residence, Seco...