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Our Michigan mortgage test prep comes with over 1,000 NMLS practice exam questions with detailed answer explanations. Our MLO test prep program also comes with mortgage term & definition flashcards, a comprehensive video learning series, an additional 100 mortgage math test questions, and comes with a 100% Pass Money-Back Guarantee!
Study with Quizlet and memorize flashcards containing terms like 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 buyer has made an ...
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The NMLS test is comprised of 120 questions, of which 115 are scored questions, that the test-taker has 190 minutes to complete. This means that you have approximately a minute and a half to answer every question on the exam. You will not know which questions are scored and which are unscored, so you will need to be diligent and …
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