General Mortgage Knowledge — Free Practice Questions
2 free questions · 20% of the SAFE MLO National Test · answers & explanations
These two questions are a free sample of the same original General Mortgage Knowledge questions shipped in the app — exactly what a non-premium user previews. Tap an answer to check yourself and read the regulation-cited explanation. General Mortgage Knowledge carries 20% of the SAFE MLO National Test; the full app has 200 General Mortgage Knowledge practice questions plus 48 of the 240-question mock pool, with cross-audited answer keys.
Which formula correctly expresses the loan-to-value ratio?
Why: LTV = loan amount / (the lesser of appraised value or purchase price) x 100%. The smaller of value or price is always used as the denominator.
A buyer borrows $160,000 to purchase a home that appraises at $200,000. What is the LTV?
Why: LTV = 160,000 / 200,000 = 0.80 = 80%.
Want all 200 General Mortgage Knowledge questions + the mock exam?
The full app has 1,000 practice questions across all 5 SAFE domains, weighted to the published outline, plus a 240-question mock pool that builds 120-question timed sittings — with regulation-cited explanations and cross-audited answer keys.
Independent study aid with 100% original practice questions — not real exam questions. Not affiliated with, endorsed by, or sponsored by NMLS, the Conference of State Bank Supervisors (CSBS), or any state mortgage regulator. All trademarks belong to their respective owners.
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