NMLS SAFE EXAM | QUESTIONS & VERIFIED
ANSWERS | 2026 | 2027 (RATED A+)
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Terms in this set (585)
Where credit institutions originate Primary Mortgage Market
loans
When an ARM has rate caps of C. The maximum the rate can increase over the
5/2/6, the 6 refers to what? life of the loan
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. The rate maximum the rate can
decrease over the life of the loan
, When utilizing a temporary B. The borrower qualified at the buydown rate
buydown to lower the interest rate
on a FHA loan, which of the
following are correct
A. The borrower qualified at the
note rate
B. The borrower qualified at the
buydown rate
C. The rate cannot be more than 2%
below the note rate
D. Seller or builder can pay the
discount points to buydown the
rate
All of the following are violations of A. Age
the Fair Housing Act EXCEPT
A. Age
B. National Origin
C. Disability
D.Religion
Claim against property held by one Encrumbrance
who is not the legal owner
Advertised term that requires Trigger Term
additional disclosures
An advertisement must be Advertising Disclosure
presented "clearly and
conspicuously" to keep from being
deceptive, unfair, or otherwise
violate a Commission rule
ANSWERS | 2026 | 2027 (RATED A+)
Save
Terms in this set (585)
Where credit institutions originate Primary Mortgage Market
loans
When an ARM has rate caps of C. The maximum the rate can increase over the
5/2/6, the 6 refers to what? life of the loan
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. The rate maximum the rate can
decrease over the life of the loan
, When utilizing a temporary B. The borrower qualified at the buydown rate
buydown to lower the interest rate
on a FHA loan, which of the
following are correct
A. The borrower qualified at the
note rate
B. The borrower qualified at the
buydown rate
C. The rate cannot be more than 2%
below the note rate
D. Seller or builder can pay the
discount points to buydown the
rate
All of the following are violations of A. Age
the Fair Housing Act EXCEPT
A. Age
B. National Origin
C. Disability
D.Religion
Claim against property held by one Encrumbrance
who is not the legal owner
Advertised term that requires Trigger Term
additional disclosures
An advertisement must be Advertising Disclosure
presented "clearly and
conspicuously" to keep from being
deceptive, unfair, or otherwise
violate a Commission rule
