Question 6 of 120
What is the loan amount on the purchase price of $249,955.00 if the borrower is putting 18% down?
Correct Answer: C

Question 7 of 120
For an FHA loan, which of the following payments must a borrower make to protect a lender in case of a foreclosure?
Correct Answer: C

Question 8 of 120
A licensed mortgage loan originator (MLO) sharing his commission with another licensed MLO at his company for actual services performed on a loan is considered which of the following terms?
Correct Answer: B

Question 9 of 120
Non-qualified mortgages offer more options for borrowers who:
Correct Answer: B

Question 10 of 120
Under which of the following programs is a creditor required to provide disclosures to the consumer that fully describe each of the creditor's variable-rate loan programs in which the consumer expresses an interest?
Correct Answer: A