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LATEST HUD Exam Prep 100% SOLUTION 2024

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% 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% 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 - ANSWER 15% portion of score based don the overall length of credit history in the report, a...

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  • uploaded  17-02-2024
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HUD Counseling Exam - Module 2.2 Housing Options EXAM WITH SOLUTIONS 100%

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what are the three loan options? - ANSWER 1. conventional mortgage loans 2. subprime mortgage loans 3. government-insured mortgage loans explain a conventional mortgage loan - ANSWER the most common type of mortgage and is backed by private lenders; offers competitive rates and comes in "conforming" mortgage amounts and less common "non-conforming," or jumbo mortgage amounts; 30-year fixed is most common but it can also come in 15-year and 10-year mortgages what is a "conforming" mo...

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  • uploaded  16-02-2024
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