Nmls word problems test Study guides, Class notes & Summaries
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NMLS Word Problems Test Questions and Answers
- Exam (elaborations) • 10 pages • 2024
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NMLS Word Problems Test Questions and Answers A buyer offers $150,000 for a home. The property is appraised at $145,000. If he gets a conforming loan, he will need private mortgage insurance if the loan exceeds ________. - Answer-$116,000 If a mortgagor pays $794.62 monthly to the mortgagee to be applied first to 7% interest and the balance to the principal, about how much is applied to principal when the unpaid principal balance is $83,695.47? - Answer-$306 The principal balance on Do...
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NMLS Word Problems Test Questions and Answers.docx
- Exam (elaborations) • 10 pages • 2024
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NMLS Word Problems Test Questions and A A buyer offers $150,000 for a home. The property is appraised at $145,000. If he gets a conforming loan, he will need private mortgage insurance if the loan exceeds . - Answer-$116,000 If a mortgagor pays $794.62 monthly to the mortgagee to be applied first to 7% interest and the balance to the principal, about how much is applied to principal when the unpaid principal balance is $83,695.47? - Answer-$306 The principal balance on Doug Fish's home ...
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