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Xinnix Ground School Mortgage Final Exam Questions & Answers Solved 100% Correct!!
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A borrower's brother would like to give her money to help towards the down 
payment of her new house. This would be considered.... - CORRECT ANSWER-A 
gift from a relative and would require a gift letter, as well as proof that the funds 
have been transferred to the borrower's account. 
VA sets their own maximum loan limits. - CORRECT ANSWER-False 
The monthly MI for an FHA loan is calculated by BASE Loan Amount x .85% /12 - 
CORRECT ANSWER-True 
Redisclosure of the Truth in Lending is req...
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