Which of the Following Is NOT Typically Included in Housing

question 32

Multiple Choice

Which of the following is NOT typically included in housing costs used to calculate a borrower's payment-to-income ratio?

• A)Principal and interest on the mortgage applied for
• B)Mortgage insurance
• C)Property taxes
• D)Utilities
• E)All of the above are included in the housing costs

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Definitions:

Gross Misconduct

Serious behavior on the part of an employee which can justify immediate dismissal without notice, typically because it causes significant harm to the business or its employees.

Consolidated Omnibus Reconciliation Act

A federal law that provides for the continuation of group health coverage under certain circumstances such as job loss or divorce.

Medical Benefits

Health care services and products provided to individuals, usually through insurance plans, to cover or offset health care costs.

Consolidated Omnibus Budget Reconciliation Act

A federal law in the United States that provides for continued health insurance coverage for individuals after employment termination.