NMLS

  1. IF YOUR BORROWER WANTS TO PAY ONE POINT TO BUY DOWN THE RATE AND THE LOAN AMOUNT IS $145,000, HOW MUCH WILL THEY HAVE TO PAY?




    C. $1,450
  2. IN GENERAL WHAT IS THE HIGHEST FRONT END RATIO THAT CAN QUALIFY FOR A CONVENTIONAL LOAN?



    C. 28%
  3. IN GENERAL WHAT IS THE HIGHEST BACK END RATIO THAT CAN QUALIFY FOR A CONVENTIONAL LOAN?



    A. 36%
Author
SUONGTPHUNG
ID
28795
Card Set
NMLS
Description
NMLS MORTGAGE MATH
Updated