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NMLS Study (General Mortgage Knowledge)

This class was created by Brainscape user Cole Woolford. Visit their profile to learn more about the creator.

By: Cole Woolford
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Decks in this class (8)

Non-Traditional Loans & Conforming Loans
According to the safe act what is...,
What is a conforming mortgage and...,
What are fannie mae freddie mac s...
17  cards
FHA Loans
Who are the fha,
What part does the fha have in fh...,
For fha loans they are for ___ re...
4  cards
VA Loans
A va loan is guaranteed by which ...,
Who qualifies for va loans,
What is the qualifying ratio for ...
15  cards
USDA Loans
Usda loans also known as section ...,
Who do usda loans provide financi...,
For small towns what is considere...
6  cards
Adjustable Rate Mortgage (ARM) Part 1
What does arm vrm stand for,
The interest of an arm varies upw...,
How can an arm benefit a borrower...
28  cards
Adjustable Rate Mortgage (ARM) Part 2
Most commonly arms are shown with...,
What is the rate floor,
The rate floor usually only prote...
16  cards
Other Mortgage Products
What is a blanket mortgage,
A blanket mortgage usually has a ...,
Describe a bridge mortgage
12  cards
Mortgage Loan Terms
Amortization,
Positive amortization,
Negative amortization
9  cards

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NMLS Study (General Mortgage Knowledge)

  • Class purpose General learning

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