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Package deal for Hud Final Exam – Tenancy 2024 Questions With 100% Correct Answers

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Hud Certification Housing Counselor Final Exam 2024 Hud Housing Counselor Final Exam 2024 Questions And Answers Hud 2024 Updated Exam Q&A Hud Housing Counselor Final Exam Questions And Answers Latest 2024 Hud Prep Final Actual Exam 2024 2024 Hud Final Exam Prep (Questions And Answers) Hud Final Exam – Tenancy 2024 Questions With 100% Correct Answer

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HUD Study Guide- Financial Management 2024

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HUD Study Guide- Financial Management 2024 Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - List of Assets - Current Lease - Retirement Plan statement - Pay stubs - CORRECT ANSWER-Pay stubs All the following are reasons why it is important for a client to track income and expenses before finalizing a budget, except: - It helps show clients that they actually spend less on some expenses than they think - It...

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Hud Certification Housing Counselor Final Exam 2024

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Hud Certification Housing Counselor Final Exam 2024 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 - CORRECT ANSWER-Pay stub A client would like purchase a home 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 g...

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Hud Housing Counselor Final Exam 2024 Questions And Answers

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Hud Housing Counselor Final Exam 2024 Questions And Answers Which document should the counselor review with the client to identify spending habits and track expenses: - CORRECT ANSWER-Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - CORRECT ANSWER-Net income Which item in the client's budget is a fixed expense? - CORRECT ANSWER-Car lease payment What is the maximum percent of area medium income allowable for...

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Hud 2024 Updated Exam Q&A

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Hud 2024 Updated Exam Q&A 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 a month and would like to buy a new car. The client has a lease on an apartment with his college friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has been working as a teacher for five ye...

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Hud Housing Counselor Final Exam Questions And Answers Latest 2024

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Hud Housing Counselor Final Exam Questions And Answers Latest 2024 Adjustable Rate Mortgage (ARM) - CORRECT 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. Interest rates can increase or decrease when adjusted. Adjusted Gross Income - CORRECT ANSWER-Gross income minus adjustments, or reductions, that one is eligible for, such as ded...

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Hud Prep Final Actual Exam 2024

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Hud Prep Final Actual Exam 2024 Conventional Loan - CORRECT 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 - CORRECT ANSWER-Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - CORRECT ANSWER-Front end 33% Back end 45% VA - CORRECT ANSWER-41% USDA - CORRECT ANSWER-Front End 29% Back End 41%, ...

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2024 Hud Final Exam Prep (Questions And Answers)

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2024 Hud Final Exam Prep (Questions And Answers) Types of Credit Used - CORRECT ANSWER-Student loan or credit cards only FAKO scores - CORRECT ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - CORRECT ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - CORRECT ANSWER-free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA...

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Hud Final Exam – Tenancy 2024 Questions With 100% Correct Answers

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Hud Final Exam – Tenancy 2024 Questions With 100% Correct Answers 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 building and will no longer participate in the project-based assistance program. To help Ruth find another affordable rental option, Jake should take all of the followi...

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Hud Final Actual Exam Questions And Answers 2024 100% Verified

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Hud Final Actual Exam Questions And Answers 2024 100% Verified % Impact of Account Payment History on Credit Score - CORRECT 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 - CORRECT ANSWER-30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - CORRECT ...

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