#1020 A developer subdivided and made some improvements to a 150 acre parcel of land. The developer created several restrictions, which, by design, were placed in the deed to affect the subdivision. These restrictions affect all of the owne
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02/14/2011
#1019 Once the underwriter has been able to verify the amount of a borrower's stable monthly income, the underwriter will then use a process which will employ gross multipliers to determine whether or not the income is adequate enough to repay
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02/14/2011
#1018 The quality of a loan applicant's income generally depends on whether or not it's taxable income in the decision making process for the underwriter, and not as much the dependability of the income. Is this fact true or false ? Please t
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02/14/2011
#1017 Stacy is a college student that is buying her first home. She doesn't have enough money for the closing table so her parents have graciously offered to give her 4000 dollars to close with as a gift. In this situation the loan underwr
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02/14/2011
#1016 When the underwriter aquires the credit report of the applicant it will usually contain information pertaining to the applicants debt and payment history for the last ten years. Is this fact true of false ? Take your time. The so
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02/14/2011
#1015 Frederick and Marlene Silverman have a monthly housing expenditure of 1500 dollars, their monthly credit card payments equal 200 dollars, and they have a car note of 225 dollars. They have a monthly income of 5500 dollars. What is
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02/14/2011
#1014 A rule of thumb for a lender when considering a loan application is that the borrower should have been continuously employed on the same job for a minimum of five years. Is this true or false ? Take your time. The solution is poste
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02/14/2011
#1013 When a lender issues a letter stating the maximum loan amount that the lender will authorize this is know as preconclusion of process. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A
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02/14/2011
#1012 When we talk about loan discount points we're talking about payment for costs which are typically associated with a loan origination fee. Is this fact true or false ? Take your time. The soultion is postd below the wildlife photo. A.
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02/14/2011
#1011 The charges which are payable to or by any parties to a real estate transaction always show up on the lender disclosure statement. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False Ch
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02/14/2011
