Exam (elaborations)
Xinnix Ground School UPDATED Questions And Correct Answers 2024
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On an FHA loan the upfront MIP should be included when calculating cash-to-close. False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) False A 3-Year ARM adjusts every 3 years 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 specs. False A HELOC loan has an interest only payment True A borrower paid semi-monthly and a borrower paid bi-weekly have the same number of pay periods per year False
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Institution
Xinnix Ground School
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Xinnix Ground School
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Written for
- Institution
- Xinnix Ground School
- Course
- Xinnix Ground School
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- Uploaded on
- March 15, 2024
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- Written in
- 2023/2024
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- xinnix
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