Shrubbery hedge - Study guides, Class notes & Summaries
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NMLS 2023/2024 Key Exam Guide Questions and Integral Marking Scheme version
- Exam (elaborations) • 34 pages • 2024
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NMLS 2023/2024 Key Exam Guide Questions and Integral Marking Scheme version 
Which parties sign the deed? 
 
A.) Grantor, grantee and two witnesses 
B.) Grantor and two witnesses 
C.) Grantee and two witnesses 
D.) Grantee only - correct answer B.) Grantor and two witnesses 
 
When the mortgagor and the mortgagee title insurance policies are issued at the same time, this is known as: 
 
A.) Simultaneous issue 
B.) Concurrent issue 
C.) Subsequent issue 
D.) Dual issue - correct answer A.) Si...
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NMLS MLO Exam Questions and Answers | Latest Version | 2024/2025 | Already Passed
- Exam (elaborations) • 34 pages • 2024
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NMLS MLO Exam Questions and 
Answers | Latest Version | 2024/2025 | 
 
Already Passed 
 
2/3/6 caps ARM initial adjustment max is 2%, subsequent adjustment period max is 3%, and 
lifetime cap of 6% 
 
3rd party recording fee tolerance? 10% 
 
5/6 ARM with 2/6 caps, what does the 5/6 represent? Initial rate is fixed for first 5 years and 
may adjust once every 6 months thereafter 
 
A borrower is entitled to request and obtain a copy of the HUD-1 Settlement Statement how 
many days before closing...
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NMLS Practice Test Hard Questions and Answers.docx
- Exam (elaborations) • 18 pages • 2024
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NMLS Practice Test Hard Questions and 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 - Answer-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 ad...
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NMLS Practice Test Hard Questions with Complete Solutions, Rated A Document Content and Description Below
- Exam (elaborations) • 26 pages • 2023
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NMLS Practice Test Hard Questions with Complete Solutions, Rated A 
Document Content and Description Below 
NMLS Practice Test Hard Questions with Complete Solutions 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...
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NMLS Practice Test Hard Questions and Answers 2023 Graded A+
- Exam (elaborations) • 18 pages • 2023
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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 - ANSWER-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 c...
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NMLS Practice Test Hard Questions With accurate answers, Rated A. 2022/2023.
- Exam (elaborations) • 27 pages • 2023
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NMLS Practice Test Hard Questions With accurate answers, Rated A. 2022/2023. 
Document Content and Description Below 
NMLS Practice Test Hard Questions With accurate answers, Rated A. 2022/2023. 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...
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NMLS Practice Test Hard Questions with correct solutions
- Exam (elaborations) • 18 pages • 2023
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NMLS Practice Test Hard Questions with correct solutionsA 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 buy...
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NMLS Practice Test Hard Questions with complete solutions
- Exam (elaborations) • 38 pages • 2024
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- $7.99
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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 - ANSWER-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 c...
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NMLS Practice Test Hard Questions Solved 100% (Guaranteed Pass)
- Exam (elaborations) • 18 pages • 2022
- Available in package deal
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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 - ANSWER 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 c...
-
NMLS Practice Test Hard Questions With Complete And Correct Solutions.
- Exam (elaborations) • 18 pages • 2022
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Available in package deal
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- $15.99
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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 credi...
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