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P4-09 Quiz 2

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  1. Question 1 of 10
    1. Question

    A borrower receives child support but does not want it considered for qualifying. Which statement is correct?

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  2. Question 2 of 10
    2. Question

    A 90-year-old applies for a 30-year mortgage. Which statement reflects the rule?

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  3. Question 3 of 10
    3. Question

    When can a lender require the spouse to be on the loan?

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  4. Question 4 of 10
    4. Question

    Which question is prohibited for a lender to ask?

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  5. Question 5 of 10
    5. Question

    A borrower’s income is from a public assistance program. Which is allowed?

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  6. Question 6 of 10
    6. Question

    What may a lender do regarding citizenship and immigration status?

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  7. Question 7 of 10
    7. Question

    Why might lenders ask about race/ethnicity even though it seems personal?

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  8. Question 8 of 10
    8. Question

    Why do lenders ask if an applicant is involved in a lawsuit?

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  9. Question 9 of 10
    9. Question

    Why are lenders especially concerned about the details of a divorce?

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  10. Question 10 of 10
    10. Question

    Which topic is forbidden for lenders to investigate when qualifying a borrower?

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