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Free MLO NMLS Practice Test. SAFE NMLS Mortgage Loan Officer (MLO) Practice Test Latest $ 70.00 off! $ 119.28 $ 49.28 Add to cart; 1) What is the interest that gets accrued on the mortgage loan on daily or weekly basis depending on loan type that has not been paid to lender yet referred to as?

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Free MLO NMLS Practice Test. SAFE NMLS Mortgage Loan Officer (MLO) Practice Test Latest $ 70.00 off! $ 119.28 $ 49.28 Add to cart; 1) What is the interest that gets accrued on the mortgage loan on daily or weekly basis depending on loan type that has not been paid to lender yet referred to as?Our Virginia 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!To determine the answer to this question, first you need to know what 3% of $210,000 is. $210,000 x 3% = $6300. Now, that is what the borrower pays in interest in 1 year. To determine how much interest the borrower pays monthly, you would divide $6300 by 12 to get $525. So $525 of the borrower's payment will be interest.

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