NMLS exam Questions with 100% Verified Answers (Rated A+)

NMLS exam Questions with 100% Verified Answers (Rated A+) margin - Answer-The portion of the ARM that cannot change and is used to compute the interest rate on a variable rate mortgage is known as the note - Answer-the promise to pay is outlined in this document covenants - Answer-The promises between the borrower and the lender outlined in the mortgage document are known as Which is NOT a purpose of an alienation clause? - Answer-protect borrowers from being charged excessive interest rates by lenders note rate - Answer-The rate that is used to amortize the mortgage loan and determine the monthly loan payments is known as the easement - Answer-The right held by a utility, through a grant or court order, to cross the property of an owner is known as