Jumbo Study guides, Class notes & Summaries

QGT1 Olivia's Sweet Treats is small start up bakery in the heart of San Francisco. It's ke QGT1 Olivia's Sweet Treats is small start up bakery in the heart of San Francisco. It's key demographic is households with income of $75,000.00 to $100,000.00 per year. Develop a monthly sales forecast for the first year of operations, including a discussion of expected market conditions for the following price list: Mini muffins $2.00 each Regular muffins $3.00 each Jumbo muffins $4.50 each Mont...

NJ Real Estate Exam - PRACTICE EXAM/MATH QUESTIONS 100% PASS If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the commission be? a) $750 b) $1,500 c) $7,500 d) $15,000 d) $15,000 A lot measuring 240' by 400' is selling for $400 a front foot. What is the price? a) $1,600 b) $16,000 c) $72,000 d) $96,000 d) $96,000 If the frontage of a half acre lot is 100 feet, how deep is it? a) 154 ft b) 218 ft c) 248 ft d) 436 ft b) 218 ft An acre is how m...

A "blue chip" corporation experiencing a short term cash flow shortage could issue: - ANSWER-commercial paper All of the following statements are true about commercial paper EXCEPT commercial paper: - ANSWER-is a funded debt of the issuer Which of the following statements are TRUE about commercial paper? - ANSWER-maximum maturity of 270 days, matures on a pre-set date at a pre-set price, is quotes on a. yield basis, and is an unsecured promissory note Which statements are TRUE about c...

Higher priced Mortgage Loans (HPML) are defined as closed-end residential mortgage loans secured by the consumer's principal dwelling with an APR that exceeds the average offer rate (APOR) for comparable transactions by - 2.5 percentage points for a first lien jumbo residential mortgage loan. An Affiliated Business Arrangement disclosure is required to be given to the consumer? - At or prior to closing Under the TILA the consumer has a right of rescission on a credit transaction involving ...

Xinnix Ground School Questions and Answers 100% Verified Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. - Answer ️️ -False YTD paystubs will be requires from a borrower that is self-employed (schedule C) - Answer ️️ -False A borrower requesting a jumbo loan will qualify for an agency loan - Answer ️️ -False Trailing spouse income can be used...

According to the Truth-in-Lending Act, a variation up to what amount is permitted for the annual percentage rate in a regular fixed-rate mortgage transaction as quoted in the Loan Estimate? 1% .5% .125% .25% - Answer-.125% The term "subordination" refers to: The process of releasing a lien The process of recording a lien The process of one lienholder accepting inferior lien priority in favor of another The process of researching a lien - Answer-The process of one lienholder accepting...

Xinnix Ground School Questions and Answers Already Graded A first-time homebuyer - Answer ️️ -Someone who has never owned a home Move-up homebuyer - Answer ️️ -Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer - Answer ️️ -Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer - Answer ️️ -Well seasoned in home buying process. Knowledgeable, fin...

Higher priced Mortgage Loans (HPML) are defined as closed-end residential mortgage loans secured by the consumer's principal dwelling with an APR that exceeds the average offer rate (APOR) for comparable transactions by - 2.5 percentage points for a first lien jumbo residential mortgage loan. An Affiliated Business Arrangement disclosure is required to be given to the consumer? - At or prior to closing Under the TILA the consumer has a right of rescission on a credit transaction involving ...

NMLS SAFE EXAM 2022 QUESTIONS WITH VERIFIED ANSWERS What does TILA stand for? - ANS Truth-In-Lending Act, Regulation Z What is a HELOC loan? - ANS a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - ANS LTV stands for - ANS Loan to Value Define PMI and state what the acronym stands for. - ANS Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situatio...

NCOA Test 3, Questions and Answers Latest Graded 100% | Already Passed. Discipline - While discussing some of the challenges associated with her conforming to her new squadron, TSgt Leap says to the junior enlisted Airmen, "I didn't get it right initially, but over time I developed the fortitude and readiness that allows me to perform in any situation." TSgt Leap's comments BEST identify _____ discipline. a. Self b. Military c. Group Military Discipline - TSgt Goen is preparing to co...