HUD Practice Test and Correct Answers
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Practice questions for this set
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Race, religion, disability
Choose an answer
Which document is most important when working with a client to develop an initial
1
budget as part of a Client Action Plan?
2 Which are protected characteristics under the federal Fair Housing Act?
A client has a monthly household income of $2,300, monthly debt payments of $450,
3 and an optimal monthly housing ratio of 32%. What is the client's optimal monthly
housing payment?
4 Which action would a client take to improve a credit score?
, Don't know?
Terms in this set (89)
Which document is most important Pay Stub
when working with a client to
develop an initial budget as part of a
Client Action Plan?
A client would like to purchase a Find a second job
home within one year. The client is
motivated to increase household
income as a way to save for a down
payment and qualify for a loan.
Which is the
best solution for the client to reach
this goal?
A credit report may contain which The number of accounts in collection status
information?
, Six months ago a client left a job as a It increases credit utilization, causing a negative
reporter to start a impact on the credit
business in the retail industry. To score.
prepare to buy a house, the client
closed credit card accounts and has
been using savings to
pay down credit card debt and
collections. The client has not
been able to save much for a down
payment with all the debt
payments but knows about an
affordable homeownership
program that only requires a 1% down
payment with an FHA
loan. What might result from the
client closing the credit card
accounts?
Which action would a client take to Pay delinquent accounts
improve a credit score?
A client does not receive a written Fair Credit Billing Act
monthly statement from the credit
card company. Which credit law
could this omission violate?
Save
Practice questions for this set
Learn 1/7 Study using Learn
Race, religion, disability
Choose an answer
Which document is most important when working with a client to develop an initial
1
budget as part of a Client Action Plan?
2 Which are protected characteristics under the federal Fair Housing Act?
A client has a monthly household income of $2,300, monthly debt payments of $450,
3 and an optimal monthly housing ratio of 32%. What is the client's optimal monthly
housing payment?
4 Which action would a client take to improve a credit score?
, Don't know?
Terms in this set (89)
Which document is most important Pay Stub
when working with a client to
develop an initial budget as part of a
Client Action Plan?
A client would like to purchase a Find a second job
home within one year. The client is
motivated to increase household
income as a way to save for a down
payment and qualify for a loan.
Which is the
best solution for the client to reach
this goal?
A credit report may contain which The number of accounts in collection status
information?
, Six months ago a client left a job as a It increases credit utilization, causing a negative
reporter to start a impact on the credit
business in the retail industry. To score.
prepare to buy a house, the client
closed credit card accounts and has
been using savings to
pay down credit card debt and
collections. The client has not
been able to save much for a down
payment with all the debt
payments but knows about an
affordable homeownership
program that only requires a 1% down
payment with an FHA
loan. What might result from the
client closing the credit card
accounts?
Which action would a client take to Pay delinquent accounts
improve a credit score?
A client does not receive a written Fair Credit Billing Act
monthly statement from the credit
card company. Which credit law
could this omission violate?
