Xinnix mock exam review - Study guides, Class notes & Summaries

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

XINNIX Mock Exam Review Questions and Answers 100% Pass (T or F): If a borrower tells you about a liability that is not listed on the credit report, it doesn't need to be included on the loan application. - Answer- False What is the maximum seller contribution allowed for a primary residence below 75% LTV? (FNMA/FHLMC) - Answer- 9% (T or F) DU does not consider non-occupant income as qualifying income - Answer- True (T or F) HOA dues are included in the PITI calculation. - Answer- False...

XINNIX Mock Exam Review Questions and Answers 100% Pass (T or F): If a borrower tells you about a liability that is not listed on the credit report, it doesn't need to be included on the loan application. - Answer- False What is the maximum seller contribution allowed for a primary residence below 75% LTV? (FNMA/FHLMC) - Answer- 9% (T or F) DU does not consider non-occupant income as qualifying income - Answer- True (T or F) HOA dues are included in the PITI calculation. - Answer- False...

Xinnix Mock Exam Review Questions and Answers with Verified Solutions Residual income is the amount of income available for family support after taxes and social security expense have been subtracted from the gross income and after PITI and other long-term debt has been paid. - Answer ️️ -Response: True Feedback: See Course 6, Lesson 1 FHA Case Numbers are tied to the property, not the borrower. - Answer ️️ -Response: True Feedback: See Course 5, Lesson 1 What is the minimum cove...

Xinnix Mock Exam Review Questions and Answers with Verified Solutions Residual income is the amount of income available for family support after taxes and social security expense have been subtracted from the gross income and after PITI and other long-term debt has been paid. - Answer ️️ -Response: True Feedback: See Course 6, Lesson 1 FHA Case Numbers are tied to the property, not the borrower. - Answer ️️ -Response: True Feedback: See Course 5, Lesson 1 What is the minimum cove...

Xinnix Mock Exam Review Questions and Answers with Verified Solutions Residual income is the amount of income available for family support after taxes and social security expense have been subtracted from the gross income and after PITI and other long-term debt has been paid. - Answer ️️ -Response: True Feedback: See Course 6, Lesson 1 FHA Case Numbers are tied to the property, not the borrower. - Answer ️️ -Response: True Feedback: See Course 5, Lesson 1 What is the minimum cove...

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