A limited insurance instrument that provides protection against financial loss, in which the cost of the mortgage insurance is added to the monthly mortgage payment. Borrowers have the right to request a cancellation of BPMI when the loan-to-value ratio reaches 80% of the original value. When the loan-to-value ratio reaches 78% of the original value, BPMI will be automatically terminated.
8 Mortgage Tests & NMLS Exam Vocabulary Flashcards
All Mortgage Math Topics Will Be Covered
Take Exams in Practice Mode, or Live Exam Mode!
Dependable support from a Licensed Instructor!
Pass your SAFE MLO exam guaranteed! Our mortgage exam prep has helped thousands of test-takers pass their mortgage loan originator exam. Our MLO test prep comes with 1,000 SAFE exam questions up to date with the latest 2018 rules and regulations, 50 additional mortgage math questions, NMLS exam flashcards, NMLS test prep tip videos, and reliable support from a licensed NMLS instructor.
Our SAFE MLO Exam Prep Covers: Federal Mortgage-Related Laws, General Mortgage Knowledge, Mortgage Loan Origination Activities, Ethics, and Uniform State Content. Try our FREE SAFE MLO Exam!