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Mortgage Loan Origination (SAFE MLO) Exam

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Mortgage Loan Origination (SAFE MLO) Exam Questions and Answers

Questions 1

Which of the following loan types may be considered a qualified loan under ability-to-pay rules

Options:

A.  

An interest-only mortgage

B.  

A loan with a balloon payment

C.  

A loan with negative amortization

D.  

A mortgage with an adjustable rate