Module #2 – The Four C’s of Mortgage Qualification

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* 1. Name

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* 2. Phone Number

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* 3. Email

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* 4. The 4 parts of your monthly mortgage payment are:

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* 5. True or False: Your total monthly Mortgage Payment (P+I+T+I) will never change (The amount you pay each month will never increase).

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* 6. What word below best describes the way in which both the total amount of interest paid and the length of time to pay off a mortgage can be reduced :

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* 7. Due to rising costs and your home’s increase in value, your monthly payment will increase as these items change overtime (select all that apply):

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* 8. Of the Four C’s of Mortgage Qualification; Our ability to pay back the loan- A relationship between our Income and our Debt, is best defined as:

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* 9. 35% of our Credit Score is reflective of our:

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* 10. The biggest negative impact on our credit score occurs when this is reported to the credit bureaus:

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* 11. Keys to creating a successful budget include:

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