Xinnix Ground School | 145 Questions with 100% CORRECT ANSWERs

Xinnix Ground School | 145 Questions with 100% CORRECT ANSWERs
Question 1: 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.
CORRECT ANSWER: False
Question 2: YTD paystubs will be requires from a borrower that
is self-employed (schedule C)
CORRECT ANSWER: False
Question 3: A borrower requesting a jumbo loan will qualify for
an agency loan
CORRECT ANSWER: False
Question 4: Trailing spouse income can be used for qualifying
purposes.
CORRECT ANSWER: False
Question 5: The following are types of renovation mortgages

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