12/1/25, 8:46 AM NMLS Practice Test Hard Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2025|2026 EXAM …
NMLS Practice Test Hard Questions and Answers
(Verified Answers) ||ACTUAL EXAM 2025 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
Save
Terms in this set (100)
A discount point is BEST A.) A lender to decrease the interest rate on the
described as a charge the mortgage loan
borrower pays to:
A.) A lender to decrease
the interest rate on the
mortgage loan
B.) A mortgage broker at
the time of application to
obtain a favorable rate
C.) The seller as part of
the closing costs of a loan
D.) A lender to ensure
against foreclosure
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 1/34
,12/1/25, 8:46 AM NMLS Practice Test Hard Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2025|2026 EXAM …
A buyer has made an D.) $25,000
earnest money payment
of $5,000. The buyer pays
an additional $2,000 in
option money to be $160,000 x .20 (20%) = 32000 - $7,000 = $25,000
credited at closing on
property with sale price of
$160,000. If the required
down payment is 20%,
how much additional
money will the buyer need
to provide toward the
down payment at closing?
A.) $32,000
B.) $27,000
C.) $30,000
D.) $25,000
If an applicant works 40 B.) $2,343.47
hours every week and is
paid $13.52 per hour, what
is the applicant's monthly $13.52x 40 hours = $540.8 x 52 weeks = $28,121.6
income? annually /12month = $2,343.47 Monthly income
A.) $2,163.20
B.) $2,343.47
C.) $2,379.52
D.) $2,487.68
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 2/34
,12/1/25, 8:46 AM NMLS Practice Test Hard Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2025|2026 EXAM …
The requirement for C.) 80%
private mortgage
insurance is generally is
continued when the loan-
to-value ratio falls below:
A.) 20%
B.) 50%
C.) 80%
D.) 90%
Which of the following B.) HUD-1/closing Disclosure
documents itemizes all
settlement costs including
lender charges?
A.) Agreement of sale
B.) HUD-1/closing
Disclosure
C.) Form 1003
D.) Forbearance
agreement
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 3/34
, 12/1/25, 8:46 AM NMLS Practice Test Hard Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2025|2026 EXAM …
According to the Truth-in- D.) The satisfaction of an existing obligation and its
Lending Act (TILA), the replacement by a new obligation
term "refinance" applies to
A.) A change in a payment
schedule
B.) A reduction in annual
percentage rate
C.) The renewal of a single
payment obligation with
no change in the original
terms
D.) The satisfaction of an
existing obligation and its
replacement by a new
obligation
What does a loan A.) An appraisal
originator use to
determine the estimated
value of a property based
on an analytical
comparison of similar
property sales?
A.) An appraisal
B.) A market survey
C.) An area survey
D.) A Cost-benefit analysis
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 4/34
NMLS Practice Test Hard Questions and Answers
(Verified Answers) ||ACTUAL EXAM 2025 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
Save
Terms in this set (100)
A discount point is BEST A.) A lender to decrease the interest rate on the
described as a charge the mortgage loan
borrower pays to:
A.) A lender to decrease
the interest rate on the
mortgage loan
B.) A mortgage broker at
the time of application to
obtain a favorable rate
C.) The seller as part of
the closing costs of a loan
D.) A lender to ensure
against foreclosure
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 1/34
,12/1/25, 8:46 AM NMLS Practice Test Hard Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2025|2026 EXAM …
A buyer has made an D.) $25,000
earnest money payment
of $5,000. The buyer pays
an additional $2,000 in
option money to be $160,000 x .20 (20%) = 32000 - $7,000 = $25,000
credited at closing on
property with sale price of
$160,000. If the required
down payment is 20%,
how much additional
money will the buyer need
to provide toward the
down payment at closing?
A.) $32,000
B.) $27,000
C.) $30,000
D.) $25,000
If an applicant works 40 B.) $2,343.47
hours every week and is
paid $13.52 per hour, what
is the applicant's monthly $13.52x 40 hours = $540.8 x 52 weeks = $28,121.6
income? annually /12month = $2,343.47 Monthly income
A.) $2,163.20
B.) $2,343.47
C.) $2,379.52
D.) $2,487.68
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 2/34
,12/1/25, 8:46 AM NMLS Practice Test Hard Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2025|2026 EXAM …
The requirement for C.) 80%
private mortgage
insurance is generally is
continued when the loan-
to-value ratio falls below:
A.) 20%
B.) 50%
C.) 80%
D.) 90%
Which of the following B.) HUD-1/closing Disclosure
documents itemizes all
settlement costs including
lender charges?
A.) Agreement of sale
B.) HUD-1/closing
Disclosure
C.) Form 1003
D.) Forbearance
agreement
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 3/34
, 12/1/25, 8:46 AM NMLS Practice Test Hard Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2025|2026 EXAM …
According to the Truth-in- D.) The satisfaction of an existing obligation and its
Lending Act (TILA), the replacement by a new obligation
term "refinance" applies to
A.) A change in a payment
schedule
B.) A reduction in annual
percentage rate
C.) The renewal of a single
payment obligation with
no change in the original
terms
D.) The satisfaction of an
existing obligation and its
replacement by a new
obligation
What does a loan A.) An appraisal
originator use to
determine the estimated
value of a property based
on an analytical
comparison of similar
property sales?
A.) An appraisal
B.) A market survey
C.) An area survey
D.) A Cost-benefit analysis
https://quizlet.com/1115102481/nmls-practice-test-hard-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252026-exam-u… 4/34
