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CMPS Certified Mortgage Planning Specialist VIP Practice Exam
CMPS — The CMPS (Certified Mortgage Planning Specialist) designation is issued by the CMPS Institute and is designed for mortgage professionals who integrate tax, financial planning, and wealth-building strategies into mortgage advice; the real exam consists of approximately 100 questions covering mortgage planning, tax strategies, loan products, and financial analysis with a 75% passing threshold.
56
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 56👑 VIP
A client earning $180,000 per year is considering purchasing a $650,000 home with a 20% down payment at a 7.25% fixed rate on a 30-year mortgage. She is in the 32% federal tax bracket and itemizes deductions. Approximately how much of her first-year mortgage interest will be deductible, and what is the approximate after-tax cost of that interest in Year 1?
Questions 2–56 and full explanations are VIP-exclusive.