MS-203 Study guides, Class notes & Summaries

Xinnix Final Questions with correct Answers 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 their new home. False Based on the following scenario, does the borrower qualify within FNMA guidelines? PITI: $1,725 monthly Income: $7,000 Debt: $700 car payment, $375 student loan ($2,250 bala...

Xinnix Ground School Mortgage Final Exam with correct answers. On an FHA loan the upfront MIP should be included when calculating cash-to-close. - correct answers.False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - correct answers.False A 3-Year ARM adjusts every 3 years - correct answers.True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor...

Computer science important mcq | Questions & Answers 2023 Latest UpdateComputer science important mcq 1. how can you open a link in new tab/browser window ? a. <a href ="url"target ="new"> b. <a href ="url"target ="blank"> c. <a href ="url"new" d. none of above 2. how can you insert header and footer in ms-word document ? a. double clicking on header and footer area b. using insert >header/footer menu c. both a& b d. none of the above 3. how can you displa...

Test Bank Neeb's Mental Health Nursing (5e by Gorman and Anwar)Contents Chapter 01: History of Mental Health Nursing ....................................................................................... 1 Chapter 02: Basics of Communications ................................................................................................ 7 Chapter 03: Ethics and Law ................................................................................................................. 15 Chapter 04: ...

Xinnix Ground School Mortgage Final Exam with complete solutions. On an FHA loan the upfront MIP should be included when calculating cash-to-close. - correct answers.False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - correct answers.False A 3-Year ARM adjusts every 3 years - correct answers.True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investo...

Xinnix Ground School Mortgage Final Exam Questions with correct Answers 2023 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 years True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender specs. False A HELOC l...

Mock Exam Review Questions with correct Answers (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/FHLMC) 9% (T or F) DU does not consider non-occupant income as qualifying income True (T or F) HOA dues are included in the PITI calculation. False Using the following i...

Computer science important mcq | Questions & Answers 2023 Latest UpdateComputer science important mcq 1. how can you open a link in new tab/browser window ? a. <a href ="url"target ="new"> b. <a href ="url"target ="blank"> c. <a href ="url"new" d. none of above 2. how can you insert header and footer in ms-word document ? a. double clicking on header and footer area b. using insert >header/footer menu c. both a& b d. none of the above 3. how can you displa...

Xinnix Mock Exam Missed Questions with complete Answers 2023 Chris earns $36,000 per year from his primary job. He also has a 2nd job in the same line of work earning $11.25 per hour. He is only able to work 12 hours a week on the 2nd job but has been doing so for 8 months. What is his monthly qualifying income? A tax-service fee is a non-allowable fee by FHA. True Using the information provided, answer the following FHA question: Sales Price = $137,300 Interest Rate = ...

Unit 203 Communication in Care Settings(NVQ level 2 Diploma in care), fully solved and ready to use Ms Word document. It will be delivered on same day when purchased. Satisfaction guaranteed.