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HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE) £36.26   Add to cart

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HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE)

HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE)HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE)HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE)HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE)HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE)HUD HOUSING COUNSELING EXAM BUNDLE!!(COMPLETE)

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HUD Certification Exam Correct Questions and Answers(RATED A+)

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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 fam...

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HUD Certification| 90 Questions | accurate Answers(RATED A+)

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Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease - ANSWER Pay stub A client would like purchase a home within one year. The client is motivated to increas...

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HUD Practice Test and accurate Answers(RATED A+)

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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 ...

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HUD Exam Prep Complete Questions & Answers(Latest Update 2024)

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% Impact of Account Payment History on Credit Score - ANSWER 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% portion of score based on the ratio ...

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HUD Housing Counselor Exam Questions & Answers(RATED A+)

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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. Adjust...

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HUD Practice Exam Correct Questions and Answers(RATED A+)

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Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - ANSWER List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client is motivated to increase househol...

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HUD Housing Counselor Certification Practice 100% correct!!

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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 fa...

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HUD Exam Prep Correct Questions and Answers(RATED A+)

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Conventional Loan - ANSWER Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA - ANSWER Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to inc...

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HUD EXAM PREP COMPLETE QUESTIONS & ANSWERS(RATED A+)

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Types of Credit Used - ANSWER Student loan or credit cards only FAKO scores - ANSWER purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair a...

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HUD Housing Counseling Exam Complete Questions and Answers(RATED A)

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Civil Rights Act of 1866 - ANSWER Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - ANSWER banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development...

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HUD Exam – Tenancy 100% Accurate!!

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Jake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company will renovate the building and will no longer participate in the ...

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HUD Exam - Housing Affordability Correct 100%

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All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are...

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HUD Exam - Fair Housing Correct Questions and Answers(RATED A+)

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Which describes the legally enforceable terms that govern the use of real estate? A. Residential security restrictions B. Deed restrictions C. Redlined Maps Government-sponsored deeds - ANSWER B. Deed Restrictions -Deed restrictions are legally enforceable terms that govern the use of real esta...

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HUD Housing Exam accurate Questions & Answers(RATED A+)

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Which document should the counselor review with the client to identify spending habits and track expenses: - ANSWER Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER Net income Which item in the client's budget...

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HUD Housing Counseling| 115 Questions | Accurate 100%

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Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns - ANSWER Bank Statement Which additional information would the housing counselor need to prepare a household budget for t...

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HUD Housing Counseling Exam 100% Correct

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Back-end ratio - ANSWER The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The cl...

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HUD Practice test 100% Correct!!

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1) A client would like to purchase a house 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 2) Six months ago a client left a j...

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HUD 2024 Practice Exam accurate Questions & Answers(RATED A+)

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A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 a month and would like to buy a new car. The client has a l...

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HUD Housing Counseling Exam Accurate 100%

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Rental Obstacle + Solutions: Low Income - ANSWER -Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER Prior...

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HUD Exam- Homeownership Correct 100%

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Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? A. Debt to-income ratios B. Annual gross income C. Savings D. Options A, B, C E. None of the above - ANSWER D. Options A, B, and C A person or company that makes l...

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Housing Counselor Exam Accurate100%

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Default - ANSWER When no payments made after 60 to 90 days... 30 for FHA loans Front-End Ratio Equation - ANSWER Monthly housing expenses/gross monthly income Front-End Ratio maximums - ANSWER 28% or less - conventional loan 31% or less for FHA, 30% or less for rentals Back-End Ratio (Debt...

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HUD Exam - Financial Management 100% Accurate!!

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All of the following would help a counselor develop a realistic household budget, except: A. Payment information for a paid-off car B. Amount spent on groceries C. Rent payment information D. Monthly cable bill - ANSWER Answer: A Since the car is paid off, the expense does not need to be includ...

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HUD Exam - Avoiding Foreclosure 100% correct!

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The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - ANSWER D. H...

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HUD Test 1 Correct Questions and Answers(GRADED A+)

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Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER Net income Which item in the client's budget...

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