NMLS Practice

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Examen

NMLS Practice Exam 1 Complete A+ Guide. 2022
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5

noviembre 2022

2022/2023

A+
1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - ANSWER-•90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - ANSWER-cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. - ANSWER-second mortgage 4) Explain what Investors with non-recourse loans me...
professoraxel
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Examen

NMLS Practice Test Hard Questions with Complete Solutions
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26

noviembre 2022

2022/2023

A+
A discount point is BEST described as a charge the 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 A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The buyer pays an additional $2,000 in option money to be credited at ...
excellentpapers
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Examen

NMLS PRACTICE TEST EXAM QUESTIONS AND ANSWERS (WELL DETAILED AND VERIFIED ANSWERS) LATEST UPDATE 2024/2025
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37

julio 2025

2024/2025

A+
NMLS PRACTICE TEST EXAM QUESTIONS AND ANSWERS (WELL DETAILED AND VERIFIED ANSWERS) LATEST UPDATE 2024/2025
Daratoo
Gratis Más información

Examen

NMLS PRACTICE TEST EXAM QUESTIONS AND ANSWERS (WELL DETAILED AND VERIFIED ANSWERS) LATEST UPDATE 2024/2025
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7

julio 2025

2024/2025

A+
NMLS PRACTICE TEST EXAM QUESTIONS AND ANSWERS (WELL DETAILED AND VERIFIED ANSWERS) LATEST UPDATE 2024/2025
Daratoo
Gratis Más información

Examen

NMLS Practice Exam #5 2022/2023 with 100% correct answers
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35

enero 2023

2022/2023

A+
The purpose of the S.A.F.E. Act is to: - Protect consumers by ensuring that the mortgage lending industry operates without unfair and deceptive practices - Provide the opportunity for credit to all creditworthy applicants - Provide information about closing costs to the consumer - Protect consumers by creating privacy provisions for mortgage lenders Marketing campaigns for the solicitation of credit are covered by the provisions of: - GLB - TILA - RESPA - ECOA Which of the fo...
Bensuda
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Examen

NMLS Practice Test Hard Questions 2022/2023 with 100% correct answers
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27

enero 2023

2022/2023

A+
A discount point is BEST described as a charge the 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 A buyer has made an earnest money payment of $5,000. The buyer pays an additional $2,000 in option money to be credited at closing on property with sale price of $160,000. If the requi...
Bensuda
$9.99 Más información

Examen

NMLS Practice Test Hard Questions with Complete Solutions
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26

diciembre 2022

2021/2022

A+
A discount point is BEST described as a charge the 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 A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The buyer pays an additional $2,000 in option money to be credited a...
TutorExpert
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