A breakdown of the most important SAFE MLO exam topics for those preparing for the NMLS mortgage loan originator test. Learn the difference between PMI and MIP, how the Qualified Mortgage rule affects underwriting, and the impact of credit scores on FHA loan eligibility. Plus, I cover discount points! If you're serious about passing, check out the mortgage exam prep bundle: 🎓 Learn: - When PMI applies and when it drops off. - Why MIP sticks for the life of an FHA loan. - When you can and can't buy down your rate. Whether you're just starting your mortgage licensing journey or need a refresher before test day, this breakdown helps you focus on what matters! Chapters: 00:00 - Personal and Professional Updates 04:07 - PMI vs. MIP 12:42 - FHA Loan Credit Score Requirements 15:51 - Loan vs. Good Faith Estimate 18:29 - Conforming vs. Non-Conforming Loans 23:32 - Qualified Mortgage Rule 30:12 - Title vs. Lien theory 34:19 - Borrowers and Discount Points ➡️ Now that you know the difference between PMI and MIP, learn the difference between the ability to repay rule (ATR) and interest rate next: #NMLS