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XINNIX BUNDLED EXAMS QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS
XINNIX BUNDLED EXAMS QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS
[Montrer plus]XINNIX BUNDLED EXAMS QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS
[Montrer plus]Xinnix Final Exam Questions and Answers with Verified Solutions A veteran has the ability to transfer a portion of their entitlement to another veteran. False 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase...
Aperçu 4 sur 32 pages
Ajouter au panierXinnix Final Exam Questions and Answers with Verified Solutions A veteran has the ability to transfer a portion of their entitlement to another veteran. False 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase...
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. False 
YTD paystubs will be requires from a borrower that ...
Aperçu 3 sur 27 pages
Ajouter au panierXinnix 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. False 
YTD paystubs will be requires from a borrower that ...
1x vendu
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. 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 year...
Aperçu 2 sur 9 pages
Ajouter au panierXinnix 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. 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 year...
Xinnix Ground School Questions and Answers Already Graded A first-time homebuyer Someone who has never owned a home 
Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. 
Relocation Homebuyer Purchasing a new home in a different ci...
Aperçu 2 sur 13 pages
Ajouter au panierXinnix Ground School Questions and Answers Already Graded A first-time homebuyer Someone who has never owned a home 
Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. 
Relocation Homebuyer Purchasing a new home in a different ci...
Xinnix Ground Course Final Questions and Answers Rated A A veteran has the ability to transfer a portion of their entitlement to another veteran. False 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of the...
Aperçu 3 sur 20 pages
Ajouter au panierXinnix Ground Course Final Questions and Answers Rated A A veteran has the ability to transfer a portion of their entitlement to another veteran. False 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of the...
Xinnix SOAR Mock Exam Questions and Answers Already Graded A 
A fixed-rate second mortgage has the loan amount fully disbursed at closing. Monthly payments are amortized over the term of the loan. Once the balance is paid off the mortgage is closed. True 
A veteran may exchange a portion of their en...
Aperçu 2 sur 11 pages
Ajouter au panierXinnix SOAR Mock Exam Questions and Answers Already Graded A 
A fixed-rate second mortgage has the loan amount fully disbursed at closing. Monthly payments are amortized over the term of the loan. Once the balance is paid off the mortgage is closed. True 
A veteran may exchange a portion of their en...
nnix SOAR Final Questions and Answers Already Passed FNMA and FHLMC are what type of loan? conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies true 
conventional loans are not insured b...
Aperçu 4 sur 91 pages
Ajouter au paniernnix SOAR Final Questions and Answers Already Passed FNMA and FHLMC are what type of loan? conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies true 
conventional loans are not insured b...
Xinnix Mock Exam 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. Response: True Feedback: See ...
Aperçu 3 sur 16 pages
Ajouter au panierXinnix Mock Exam 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. Response: True Feedback: See ...
Mock Exam Review Questions and Answers Graded A 
(T or F): If a borrower tells you about a liability that is not listed on the credit report, it doesn't need to be included on the loan application. False 
What is the maximum seller contribution allowed for a primary residence below 75% LTV? (FNMA/F...
Aperçu 2 sur 15 pages
Ajouter au panierMock Exam Review Questions and Answers Graded A 
(T or F): If a borrower tells you about a liability that is not listed on the credit report, it doesn't need to be included on the loan application. False 
What is the maximum seller contribution allowed for a primary residence below 75% LTV? (FNMA/F...
TEST: Understanding Niche Products Questions and Answers Repairs/renovations can begin AFTER the renovation loan closes. ANSWER: True 
On a renovation loan, the LTV is based on the after-improved value of the home. ANSWER: True 
On a FHA 203(k) Limited only structural repairs are allowed. ANSWER: Fa...
Aperçu 1 sur 4 pages
Ajouter au panierTEST: Understanding Niche Products Questions and Answers Repairs/renovations can begin AFTER the renovation loan closes. ANSWER: True 
On a renovation loan, the LTV is based on the after-improved value of the home. ANSWER: True 
On a FHA 203(k) Limited only structural repairs are allowed. ANSWER: Fa...
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