Question: Which statement below is false? Question 27Answer a. Alimony and child support can be used as sources of income for securing a mortgage note b.
Which statement below is false? Question 27Answer a. Alimony and child support can be used as sources of income for securing a mortgage note b. The lender in a mortgage note transaction is referred to as the Mortgagee c. You do not need to have a down payment of 20% of your home's purchase price to secure a conforming loan d. When applying the 28/36 rule, we consider auto loans payments and the minimum payment on credit cards in assessing if a borrower meets the "36" end of the 28/36 rule e. Utility expenses are considered when we evaluate the "28" end of the 28/36 Rule
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