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HUD HoHUD Housing Counseling EXAM BUNDLE!using Counseling EXHUD Housing Counseling EXAM BUNDLE!AM BUNDLE!HUD Housing Counseling EXAM BUNDLE!
[Meer zien]HUD HoHUD Housing Counseling EXAM BUNDLE!using Counseling EXHUD Housing Counseling EXAM BUNDLE!AM BUNDLE!HUD Housing Counseling EXAM BUNDLE!
[Meer zien]HUD Certification Exam Correct Questions andDeed Restrictions - ANSWER Legally enforceable terms that govern the use of real estate 
 
Redlining - ANSWER The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, nation...
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In winkelwagenHUD Certification Exam Correct Questions andDeed Restrictions - ANSWER Legally enforceable terms that govern the use of real estate 
 
Redlining - ANSWER The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, nation...
HUD Certification| 90 Questions | accurate Answers! 
 
 
Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? 
 
Pay stub 
Retirement plan statement 
List of assets 
Current lease - ANSWER Pay stub 
 
A client would like purchase a...
Voorbeeld 3 van de 19 pagina's
In winkelwagenHUD Certification| 90 Questions | accurate Answers! 
 
 
Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? 
 
Pay stub 
Retirement plan statement 
List of assets 
Current lease - ANSWER Pay stub 
 
A client would like purchase a...
HUD Practice Test and accurate AnswWhich document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - ANSWER Pay Stub 
 
A client would like to purchase a home within one year. The client is motivated to increase household income as a way to s...
Voorbeeld 2 van de 8 pagina's
In winkelwagenHUD Practice Test and accurate AnswWhich document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - ANSWER Pay Stub 
 
A client would like to purchase a home within one year. The client is motivated to increase household income as a way to s...
HUD Exam Prep Complete Questions and% Impact of Account Payment History on Credit Score - ANSWER 35% 
portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens 
 
% Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% 
...
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In winkelwagenHUD Exam Prep Complete Questions and% Impact of Account Payment History on Credit Score - ANSWER 35% 
portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens 
 
% Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% 
...
HUD Housing Counselor Exam Questions and Answers(RATED A) 
Adjustable Rate Mortgage (ARM) - ANSWER Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Inter...
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In winkelwagenHUD Housing Counselor Exam Questions and Answers(RATED A) 
Adjustable Rate Mortgage (ARM) - ANSWER Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Inter...
HUD Practice Exam Correct Questions and Answers(RATED A) 
 
 
 
Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - ANSWER List of Assets 
Retirement plan statement 
Pay stub X 
Current lease 
 
A client would like purchase a ho...
Voorbeeld 2 van de 8 pagina's
In winkelwagenHUD Practice Exam Correct Questions and Answers(RATED A) 
 
 
 
Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - ANSWER List of Assets 
Retirement plan statement 
Pay stub X 
Current lease 
 
A client would like purchase a ho...
HUD Housing Counselor CertificWhat is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER 50% 
 
Which is the maximum recommended housing ratio for renting an apartment? - ANSWER 30% 
 
Eligibility requirements for down-payment assist...
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In winkelwagenHUD Housing Counselor CertificWhat is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER 50% 
 
Which is the maximum recommended housing ratio for renting an apartment? - ANSWER 30% 
 
Eligibility requirements for down-payment assist...
HUD Exam Prep Correct Questions and Conventional Loan - ANSWER Front end 28% 
Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms 
 
FHA - ANSWER Front end 31% 
Back end 43% 
Limited funds, bad ...
Voorbeeld 2 van de 14 pagina's
In winkelwagenHUD Exam Prep Correct Questions and Conventional Loan - ANSWER Front end 28% 
Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms 
 
FHA - ANSWER Front end 31% 
Back end 43% 
Limited funds, bad ...
HUD EXAM PREP COMPLETE QUESTIONS and ANSWERS! 
 
Types of Credit Used - ANSWER Student loan or credit cards only 
 
FAKO scores - ANSWER purchase score which are educational score 
 
Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limi...
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In winkelwagenHUD EXAM PREP COMPLETE QUESTIONS and ANSWERS! 
 
Types of Credit Used - ANSWER Student loan or credit cards only 
 
FAKO scores - ANSWER purchase score which are educational score 
 
Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limi...
HUD Housing Counseling Exam ComplCivil Rights Act of 1866 - ANSWER Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) 
 
Fair Housing Act of 1968 - ANSWER banned discrimination in the rental or sale of housing (Race, color, religion, national origin) 
 
...
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In winkelwagenHUD Housing Counseling Exam ComplCivil Rights Act of 1866 - ANSWER Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) 
 
Fair Housing Act of 1968 - ANSWER banned discrimination in the rental or sale of housing (Race, color, religion, national origin) 
 
...
HUD Exam – Tenancy 100% accurate! 
 
Jake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company will renovate the buildin...
Voorbeeld 2 van de 8 pagina's
In winkelwagenHUD Exam – Tenancy 100% accurate! 
 
Jake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company will renovate the buildin...
HUD Exam - Housing Affordability correct 1All of the following are true statements about upfront costs associated with renting and buying, except; 
A. Renters generally pay a security deposit upon signing a lease. 
B. The average cost due upon signing a lease for a rental is typically between 20% o...
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In winkelwagenHUD Exam - Housing Affordability correct 1All of the following are true statements about upfront costs associated with renting and buying, except; 
A. Renters generally pay a security deposit upon signing a lease. 
B. The average cost due upon signing a lease for a rental is typically between 20% o...
HUD Exam - Fair Housing Correct QuesWhich describes the legally enforceable terms that govern the use of real estate? 
A. Residential security restrictions 
B. Deed restrictions 
C. Redlined Maps 
Government-sponsored deeds - ANSWER B. Deed Restrictions 
-Deed restrictions are legally enforceable te...
Voorbeeld 2 van de 5 pagina's
In winkelwagenHUD Exam - Fair Housing Correct QuesWhich describes the legally enforceable terms that govern the use of real estate? 
A. Residential security restrictions 
B. Deed restrictions 
C. Redlined Maps 
Government-sponsored deeds - ANSWER B. Deed Restrictions 
-Deed restrictions are legally enforceable te...
HUD Housing Exam accurate Questions & Answers!! 
Which document should the counselor review with the client to identify spending habits and track expenses: - ANSWER Bank statement 
 
Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER...
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In winkelwagenHUD Housing Exam accurate Questions & Answers!! 
Which document should the counselor review with the client to identify spending habits and track expenses: - ANSWER Bank statement 
 
Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER...
HUD Housing Counseling| 115 Questions | Which document should the counselor review with the client to identify spending habits and track expenses? 
 
A. Credit report 
B. Pay stubs 
C. Bank Statement 
D. Tax returns - ANSWER Bank Statement 
 
Which additional information would the housing counselor ...
Voorbeeld 2 van de 11 pagina's
In winkelwagenHUD Housing Counseling| 115 Questions | Which document should the counselor review with the client to identify spending habits and track expenses? 
 
A. Credit report 
B. Pay stubs 
C. Bank Statement 
D. Tax returns - ANSWER Bank Statement 
 
Which additional information would the housing counselor ...
HUD Housing Counseling Exam 100% correct 
Back-end ratio - ANSWER The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per yea...
Voorbeeld 4 van de 35 pagina's
In winkelwagenHUD Housing Counseling Exam 100% correct 
Back-end ratio - ANSWER The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per yea...
HUD Practice test 100% correct! 
 
 
1) A client would like to purchase a house within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - ANSWER Find a second job ...
Voorbeeld 1 van de 2 pagina's
In winkelwagenHUD Practice test 100% correct! 
 
 
1) A client would like to purchase a house within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - ANSWER Find a second job ...
HUD 2024 Practice Exam accurate Questions & Answers!! 
 
 
A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 ...
Voorbeeld 4 van de 33 pagina's
In winkelwagenHUD 2024 Practice Exam accurate Questions & Answers!! 
 
 
A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 ...
HUD Housing Counseling Exam accurRental Obstacle + Solutions: Low Income - ANSWER -Some Renters reject people whose Rent would be more than 30% of GMI 
-Solutions 
-Apply for Housing Assistance 
-Expand housing search areas 
-Get a roommate 
-Move in w/family or friends 
 
Strategies for decreasing...
Voorbeeld 4 van de 42 pagina's
In winkelwagenHUD Housing Counseling Exam accurRental Obstacle + Solutions: Low Income - ANSWER -Some Renters reject people whose Rent would be more than 30% of GMI 
-Solutions 
-Apply for Housing Assistance 
-Expand housing search areas 
-Get a roommate 
-Move in w/family or friends 
 
Strategies for decreasing...
HUD Exam- Homeownership correct 100% 
 
Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? 
A. Debt to-income ratios 
B. Annual gross income 
C. Savings 
D. Options A, B, C 
E. None of the above - ANSWER D. Options A, B, a...
Voorbeeld 2 van de 8 pagina's
In winkelwagenHUD Exam- Homeownership correct 100% 
 
Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? 
A. Debt to-income ratios 
B. Annual gross income 
C. Savings 
D. Options A, B, C 
E. None of the above - ANSWER D. Options A, B, a...
Housing Counselor Exam accurate100%Default - ANSWER When no payments made after 60 to 90 days... 30 for FHA loans 
 
Front-End Ratio Equation - ANSWER Monthly housing expenses/gross monthly income 
 
Front-End Ratio maximums - ANSWER 28% or less - conventional loan 
31% or less for FHA, 30% or less ...
Voorbeeld 2 van de 9 pagina's
In winkelwagenHousing Counselor Exam accurate100%Default - ANSWER When no payments made after 60 to 90 days... 30 for FHA loans 
 
Front-End Ratio Equation - ANSWER Monthly housing expenses/gross monthly income 
 
Front-End Ratio maximums - ANSWER 28% or less - conventional loan 
31% or less for FHA, 30% or less ...
HUD Exam - Financial Management 100% accurate 
 
All of the following would help a counselor develop a realistic household budget, except: 
A. Payment information for a paid-off car 
B. Amount spent on groceries 
C. Rent payment information 
D. Monthly cable bill - ANSWER Answer: A 
Since the car i...
Voorbeeld 1 van de 4 pagina's
In winkelwagenHUD Exam - Financial Management 100% accurate 
 
All of the following would help a counselor develop a realistic household budget, except: 
A. Payment information for a paid-off car 
B. Amount spent on groceries 
C. Rent payment information 
D. Monthly cable bill - ANSWER Answer: A 
Since the car i...
HUD Exam - Avoiding Foreclosure 1The following contributed to the increase in foreclosure rates, except: 
A. Subprime lending 
B. Risky loan products with feature like negative amortization 
C. Demand from the secondary market 
D. Homeowners paying off mortgages early 
E. Using teaser rates to qual...
Voorbeeld 2 van de 9 pagina's
In winkelwagenHUD Exam - Avoiding Foreclosure 1The following contributed to the increase in foreclosure rates, except: 
A. Subprime lending 
B. Risky loan products with feature like negative amortization 
C. Demand from the secondary market 
D. Homeowners paying off mortgages early 
E. Using teaser rates to qual...
HUD Test 1 Correct Questions and Answers(GRADED A) 
 
Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER Bank Statement 
 
Which additional information would the housing counselor need to prepare a household budget for this client? - A...
Voorbeeld 3 van de 17 pagina's
In winkelwagenHUD Test 1 Correct Questions and Answers(GRADED A) 
 
Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER Bank Statement 
 
Which additional information would the housing counselor need to prepare a household budget for this client? - A...
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