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XINNIX Ground School Final (Questions & Answers) Rated 100% /.Which of the following is the correct list of charges included when calculating the borrower's cash-to-close? - Answer-Down payment, closing costs, prepaids, discount points, MI paid in cash (UFMIP/FF) /.There is no minimum needed to run/submit both HomeOne and Home Possible through an automated underwriting system - Answer-True /.A partner's percentage of ownership and earnings can be located on Schedule E part I...

Wholesale lenders - CORRECT ANSWER-Table fund at closing. All closing docs in name of wholesale lender. Fannie Mae (FNMA) - CORRECT ANSWER-Federal National Mortgage Association Freddie Mac (FHLMC) - CORRECT ANSWER-Federal Home Loan Mortgage Corporation FHA - CORRECT ANSWER-Federal Housing Administration VA - CORRECT ANSWER-Veteran's Administration Non-agency loans - CORRECT ANSWER-Comprise any loans not made by the 4 lending agencies Conforming loans - CORRECT ANSWER-Any agency loan ...

The builder must provide an appraisal certificate to the mortgage company on a FHA new construction loan prior to closing. - CORRECT ANSWER-False HOA dues are included in the PITI calculation - CORRECT ANSWER-False A room addition is allowed under the FHA 203(K) limited programs. - CORRECT ANSWER-False Loans with an LTV higher than 80% generally require mortgage insurance. - CORRECT ANSWER-True Tenancy in Common is not an acceptable manner in which title may be held. - CORRECT ANSWER-Fal...

XINNIX GROUND SCHOOL LATEST QUESTIONS AND ACCURATE ANSWERS FOR GUARANTEED RESULTS....

XINNIX GROUND SCHOOL FINAL COMPLETE PRACTICE SET OF QUESTIONS AND ANSWERS FOR EASY STUDY AND SURE PASS.....

XINNIX GROUND SCHOOL COMPLETE AND UPDATED EXAM QUESTIONS WITH VERIFIED ANSWERS.....

Xinnix Ground School |Questions and answers |latest updated version 2025|already graded A+