Xinnix SOAR Mock Exam | 70 Questions with 100% Correct Answers
Document Content and Description Below
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 vet... eran may exchange a portion of their entitlement for cash. - False Judgments and tax liens are required to be paid off at or prior to loan closing. (FNMA/FHLMC) - True 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 A simultaneous second mortgage is obtained at the same time as a first mortgage. - True A 2/1 buydown typically costs 2.5 discount points. Give or take .25%. - True Most loans do not have a prepayment penalty. - True What are the four General Styles of Communication? - Expresser, Relater, Driver, Analytic VA requires connection to a public or community water/sewer disposal system if required by local building, planning, or health authorities. [Show More]
Last updated: 2 years ago
Preview 1 out of 6 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Also available in bundle (1)
Xinnix Tests Compilation BUNDLE
Xinnix Tests Compilation BUNDLE
By Tiara 2 years ago
$25.5
7
Reviews( 0 )
$5.00
Can't find what you want? Try our AI powered Search
Document information
Connected school, study & course
About the document
Uploaded On
Oct 06, 2022
Number of pages
6
Written in
Additional information
This document has been written for:
Uploaded
Oct 06, 2022
Downloads
0
Views
60
