Top tips for mortgage exam revision

When you choose a career in financial services, in particular the role of mortgage adviser, there are associated tests that you must study for and pass in order to become compliant, so that you are able to meet with customers and advise on the most appropriate mortgage solutions.

Luckily, there are a number of tips that can help you to meet your study goals. For example, it can be useful to make notes to refer back to as you study the learning material. Highlighter pens also come in handy for focusing on key points, and helping when reading back through the notes.

It can be useful to test your learning at timed intervals, like the end of a particular section, to see how much of the information you have absorbed. Also, dependant on the topic of learning, you can set yourself mnemonics as a way to help recall lists and facts.

A number of experts have looked into this field, including Professor Dunlovsky, whose research was published in Psychological Science in the Public Interest, which is a journal of the Association for Psychological Science. It looked primarily at the ten main revision techniques and graded their success from low to high.

Having implemented a balanced, well-structured and effective study plan, you will have covered the syllabus in plenty of time for the exam date itself. In the final week or so, when you concentrate on revisiting what you have learned, implementing some of the following revision pointers from the professor will help you to retain the knowledge learned:

Top ten techniques

1. Elaborative Interrogation: the ability to explain a point when questioned – MODERATE
2. Self-Explanation: looking at how a conclusion was reached in problem solving – MODERATE
3. Summarising: reading through text, before putting it in your own words a summary of the information – LOW
4. Highlighting: using a fluorescent marker pen to make an area of text stand out – LOW
5. Mnemonics: select words that associate with corresponding letters of information – LOW
6. Imagery: Use your mind to transform what you are reading or listening to (depending on format of study material) into a corresponding image – LOW
7. Re-reading: going back over what has been studied – LOW
8. Practice testing: using flash cards and pre-set quizzes to test yourself with the study material covered – HIGH
9. Distributed Practice: effectively plan you study time to ensure all topic areas are covered in a timely manner – HIGH
10. Interleaved Practice: alternate with a varying number of problems/study topics – MODERATE

Of the ten techniques assessed, two were judged to be highly effective. However, success is very much dependent on the student, such as their attitude and approach to studies, with different ways of working suiting some more than others.

It is vital that an effective study plan is drawn up to support your studies, while giving you clear goals and structure to work to. This will ensure that you cover all of the study material in sufficient time to fully absorb its content, prior to sitting the end exam, which is the first step towards your new mortgage career.



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