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Xinnix Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
Xinnix Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
[Mostrar más]Xinnix Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
[Mostrar más]XINNIX Mortage Basix Exam Questions and 
Answers 100% Pass 
What does FNMA stand for? - Answer- Federal National Mortgage Association 
What does FHLMC stand for? - Answer- Federal Home Loan Mortgage Corporation 
What does AU stand for, and what is it? - Answer- Automated Underwriting, a 
computerize...
Vista previa 2 fuera de 10 páginas
Añadir al carritoXINNIX Mortage Basix Exam Questions and 
Answers 100% Pass 
What does FNMA stand for? - Answer- Federal National Mortgage Association 
What does FHLMC stand for? - Answer- Federal Home Loan Mortgage Corporation 
What does AU stand for, and what is it? - Answer- Automated Underwriting, a 
computerize...
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. - 
Answer- False 
The borrower must have 5% of their own funds when putting 15% down on a primary 
residence. (FNMA) - Answer- False 
A 3-Year ...
Vista previa 2 fuera de 6 páginas
Añadir al carritoXinnix 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. - 
Answer- False 
The borrower must have 5% of their own funds when putting 15% down on a primary 
residence. (FNMA) - Answer- False 
A 3-Year ...
xinnix Mock Exam Questions and 
Answers 100% Pass 
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. -Answer-Response: True 
Feedback: See Co...
Vista previa 2 fuera de 11 páginas
Añadir al carritoxinnix Mock Exam Questions and 
Answers 100% Pass 
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. -Answer-Response: True 
Feedback: See Co...
XINNIX FLIGHT SCHOOL EXAM 
QUESTIONS AND ANSWERS 
The rate lock period for a refi, with a right of rescission, must be long enough to cover 
the rescission period. - Answer- True 
How long does a borrower have to wait to buy a home after they have had a 
foreclosure? FHA - Answer- 3 years 
What are ...
Vista previa 3 fuera de 18 páginas
Añadir al carritoXINNIX FLIGHT SCHOOL EXAM 
QUESTIONS AND ANSWERS 
The rate lock period for a refi, with a right of rescission, must be long enough to cover 
the rescission period. - Answer- True 
How long does a borrower have to wait to buy a home after they have had a 
foreclosure? FHA - Answer- 3 years 
What are ...
XINNIX Mock Exam Review Questions and 
Answers 100% Pass 
(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. - Answer- False 
What is the maximum seller contribution allowed for a primary residence be...
Vista previa 2 fuera de 10 páginas
Añadir al carritoXINNIX Mock Exam Review Questions and 
Answers 100% Pass 
(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. - Answer- False 
What is the maximum seller contribution allowed for a primary residence be...
Xinnix Quiz Questions with 100% Correct Answers 
Ginnie Mae was wholly created to purchase government mortgages on the secondary 
market - Answer- false 
which of the following was not a reason The Federal Housing Administration (FHA) was 
created - Answer- to simplify mortgage forms 
match in order...
Vista previa 3 fuera de 26 páginas
Añadir al carritoXinnix Quiz Questions with 100% Correct Answers 
Ginnie Mae was wholly created to purchase government mortgages on the secondary 
market - Answer- false 
which of the following was not a reason The Federal Housing Administration (FHA) was 
created - Answer- to simplify mortgage forms 
match in order...
Xinnix Final Exam Questions and 
Answers 100% Pass 
On an FHA loan the upfront MIP should be included when calculating cash-to-close. - 
Answer- False 
The borrower must have 5% of their own funds when putting 15% down on a primary 
residence. (FNMA) - Answer- False 
A 3-Year ARM adjusts every 3 yea...
Vista previa 3 fuera de 17 páginas
Añadir al carritoXinnix Final Exam Questions and 
Answers 100% Pass 
On an FHA loan the upfront MIP should be included when calculating cash-to-close. - 
Answer- False 
The borrower must have 5% of their own funds when putting 15% down on a primary 
residence. (FNMA) - Answer- False 
A 3-Year ARM adjusts every 3 yea...
Xinnix Exam Questions and Answers 100% Pass 
Loans with an LTV >80% will typically require mortgage insurance. (FNMA/FHLMC) - 
Answer- True 
What is the maximum seller contribution allowed for a primary residence at 95% LTV? 
(FNMA/FHLMC) - Answer- 3% 
On an ARM, redisclosure of the Truth in Lend...
Vista previa 3 fuera de 16 páginas
Añadir al carritoXinnix Exam Questions and Answers 100% Pass 
Loans with an LTV >80% will typically require mortgage insurance. (FNMA/FHLMC) - 
Answer- True 
What is the maximum seller contribution allowed for a primary residence at 95% LTV? 
(FNMA/FHLMC) - Answer- 3% 
On an ARM, redisclosure of the Truth in Lend...
Xinnix SOAR Final Exam Questions and 
Answers 100% Pass 
FNMA and FHLMC are what type of loan? - Answer- conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help 
consumers understand the terms of their agreements with financial companies - 
Answer- true 
convention...
Vista previa 4 fuera de 55 páginas
Añadir al carritoXinnix SOAR Final Exam Questions and 
Answers 100% Pass 
FNMA and FHLMC are what type of loan? - Answer- conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help 
consumers understand the terms of their agreements with financial companies - 
Answer- true 
convention...
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