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Xinnix Ground School Questions and Answers 100% Verified
Xinnix Ground School Questions and Answers 100% Verified Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. - Answer ️️ -False YTD paystubs will be requires from a borrower that is self-employed (schedule C) - Answer ️️ -False A borrower requesting a jumbo loan will qualify for an agency loan - Answer ️️ -False Trailing spouse income can be used...
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- • 16 pages •
Xinnix Ground School Questions and Answers 100% Verified Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. - Answer ️️ -False YTD paystubs will be requires from a borrower that is self-employed (schedule C) - Answer ️️ -False A borrower requesting a jumbo loan will qualify for an agency loan - Answer ️️ -False Trailing spouse income can be used...
Xinnix Mock Exam Review Questions and Answers with Verified Solutions
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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- • 10 pages •
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 Ground School Mortgage Final Exam Questions and Answers 100% Pass
Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass On an FHA loan the upfront MIP should be included when calculating cash-to-close. - Answer ️️ -False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - Answer ️️ -False A 3-Year ARM adjusts every 3 years - Answer ️️ -True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender ...
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Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass On an FHA loan the upfront MIP should be included when calculating cash-to-close. - Answer ️️ -False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - Answer ️️ -False A 3-Year ARM adjusts every 3 years - Answer ️️ -True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender ...
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the answers are incorrect
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