Debt factoring Study guides, Revision notes & Summaries

HUD Housing Counselor Certification Practice Questions with 100% Correct Answers | 43 Pages 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 consid...

LTP Math Exam Questions with Correct Answers A provisional broker is contacted to list a property where the seller desires to net $100,000 from the sale of the property. The current mortgage balance is $175,000, commission of 6%, deed prep of $125 and other seller closing costs of $1,000. The closing attorney fee was $800. What must the property sell for in order for the seller to cover all expenses and net the desired amount, rounded to the nearest dollar? - Answer-Add seller's known expense...

HUD Housing Exam Questions and Answers 100% Pass Which document should the counselor review with the client to identify spending habits and track expenses: - Correct Answer ️️ -Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Correct Answer ️️ -Net income Which item in the client's budget is a fixed expense? - Correct Answer ️️ -Car lease payment What is the maximum percent of area medium income allo...

3.1 Sources of Finance Question and answers already passed 2023/2024which of the following is the most suitable reason for using personal finance? -insufficient internal sources of finance -insufficient external sources of finance -there is not interest obligation -to please the owners (shareholders) of a company - correct answer there is no interest obligation which of the following is not a feasible source of finance for an ordinary partnership? -secured bank loans -sale and lease...

Hud 2024 Updated Exam Q&A 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 lease on an apartment with his college friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has been working as a teacher for five ye...

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 is a fixed expense? - Answer Car lease payment What is the maximum percent of area medium income allowable for a household to qualify for a Housing Choice Voucher? - Answer 50% Which is the max...

HUD Test 1 with Complete Solutions Already Passed Which document should the counselor review with the client to identify spending habits and track expenses? Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? Net income Which item in the client's budget is a fixed expense? Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? 50% Which is ...

HUD Housing Counselor Certification Practice (HUD Knowledge Assessment) Questions And Answers Already Graded A+ What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? 50% Which is the maximum recommended housing ratio for renting an apartment? 30% Eligibility requirements for down-payment assistance programs include which factors? Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is ...

A cash manager at a retailer forecasts a positive collected cash position for the end of the current day. The company has an overdraft facility at 10%, a separate investment account earning 8% before taxes, an earnings credit rate of 8% and an outstanding single payment note at 9.5% maturing in 1 week. This month's bank service fees are expected to exceed the earnings credit. Which of the following intra-day options would be the MOST economically positive for the company? (A) Leave the fu...

HUD Housing Counseling (HUD Housing Counseling Certification Exam) Latest Questions With Correct Answers. 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 Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge Net I...