Exam (elaborations)
NMLS SAFE EXAM-Comprehensive QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
Primary Mortgage Market - ANSWER Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER 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. ...
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