OHANANCIETA

What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER 50% Which is the maximum recommended housing ratio for renting an apartment? - ANSWER 30% Eligibility requirements for down-payment assistance programs include which factors? - ANSWER Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an FHA mortgage? - ANSWER 1.75% ...

Adjustable Rate Mortgage (ARM) - ANSWER Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. Adjusted Gross Income - ANSWER Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, tuition and fees, and contributions to certain ...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - 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? - ANSWER Find a second job A credit report may contain which information? - ANSWER The number of accounts in collection st...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - 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? - ANSWER Find a second job A credit report may contain which information? - ANSWER The number of accounts in collection st...

Deed Restrictions - ANSWER Legally enforceable terms that govern the use of real estate Redlining - ANSWER The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - ANSWER Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of legislation, which prohi...

Deed Restrictions - ANSWER Legally enforceable terms that govern the use of real estate Redlining - ANSWER The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - ANSWER Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of legislation, which prohi...

A facility which takes care of patients who do not require skilled nursing: 1.Continuing Care Retirement Facilities 2.Skilled Nursing Facility 3.Intermediate Care Facilities 4.Assisted Living Facilities - ANSWER3.Intermediate Care Facilities A medication that is used to treat pain: 1.Analgesic 2.Antiseptic 3.Anticoagulant 4.Antibiotic - ANSWER1.Analgesic Which of the following is not an appropriate method to control wandering: 1.Restricting the wanderer to bed with physical...

A facility which takes care of patients who do not require skilled nursing: 1.Continuing Care Retirement Facilities 2.Skilled Nursing Facility 3.Intermediate Care Facilities 4.Assisted Living Facilities - ANSWER3.Intermediate Care Facilities A medication that is used to treat pain: 1.Analgesic 2.Antiseptic 3.Anticoagulant 4.Antibiotic - ANSWER1.Analgesic Which of the following is not an appropriate method to control wandering: 1.Restricting the wanderer to bed with physical...

of accounts -ANSWER A list of name and numbers of all the accounts used in a business; they are typically accounts for various subcategories of each of the following: assets, liabilities, owner's equity, revenues, and expenses cash flow statement -ANSWER -This contains cash flows from operating, investing, and financing activities. -It acts as a corporate checkbook. Balance sheet -ANSWER -This shows a one-time snapshot of a company's assets and liabilities. - chart This contains curre...

What are the requirements for wearing a helmet? - ANSWERAll motorcycle riders and passengers are required to wear helmets at all times. Grabbing the front brake or jamming down on the rear brake: - ANSWERCan cause the brakes to lock. Passengers on motorcycles should - ANSWERShould sit as far forward as possible without crowding you When riding with a group of motorcyclists, a staggered formation: - ANSWERShould not be used when entering or exiting a highway Eye protection - ANSWERSho...