12-28.Under VA guidelines,if a borrower fails the income ratio method he or she may qualify if his or her excess residual income is:
A) at least 20%
B) at least 30%
C) between 10 and 15%
D) about 35%
Correct Answer:
Verified
Q22: 12-32.Any failure on the part of the
Q23: 12-22.A kind of judgment that a lender
Q24: 12-31.A Federal agency that requires a 10
Q25: 12-34.The number of states that require that
Q26: 12-24.The following influence a homeowner with negative
Q28: 12-37.An individual other than the borrower that
Q29: 12-30.Due to efficiencies of the secondary mortgage
Q30: 12-38.Which one of these conditions involves the
Q31: 12-36.Which term indicates that in the event
Q32: 12-33.Which type of note limits the lender's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents