Exam (elaborations)
NMLS SAFE EXAM| 585 questions| with complete solutions
- Course
- NMLS
- Institution
- Liberty University
Where credit institutions originate loans correct answer: Primary Mortgage Market When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D...
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