NMLS

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?

A. $14,500
B. $2,900
C. $1,450
D. $2175

IN GENERAL WHAT IS THE HIGHEST FRONT END RATIO THAT CAN QUALIFY FOR A CONVENTIONAL LOAN?
A. 43%
B. 32%
C. 33%
D. 28%

IN GENERAL WHAT IS THE HIGHEST BACK END RATIO THAT CAN QUALIFY FOR A CONVENTIONAL LOAN?
A. 36%
B. 45%
C. 43%
D. 32%