Loan Type
A home loan with an initial rate that’s fixed for a specified period, then adjusts periodically.
Adjustable Rate Mortgage
PMI
Private Mortgage Insurance
Paying off a loan with regular payments over time, so that the amount you owe decreases with each payment.
Amortization
Tunnel Vision
Results Driven
What days of the week do we hold morning sales meeting on
Monday & Thursday
Allows down payments as low as 3.5% - Credit scores as low as 500 can qualify - Mortgage insurance premium payments are required
FHA
ARM
Adjustable Rate Mortgage
A broader measure of the cost of borrowing money than the interest rate. The ___ reflects the interest rate, any points, mortgage broker fees, and other charges that you pay to get the loan.
APR
Guts To Greatness
Grit
Name of the most recent podcast
X2
No down payment required - Upfront funding fee required - No mortgage insurance - Military
VA
FHA
Federal Housing Admission
The cost of a home appraisal of a house you plan to buy or already own.
Appraisal Fee
One Team. One Dream.
Aligned
Street the Prosper Office is located on
Fishtrap Rd.
Mortgages above a certain dollar amount. Loan limits vary by county and are adjusted periodically.
Jumbo
RESPA
The Real Estate Settlement Procedures Act
_______ is another term for being late on your payments. Your loan can become _______ when you miss a payment or don’t make a full payment by the due date.
Delinquent
H2H
Empathy
City of Cody's last investment property
Pottsboro
Another industry term, which defines a mortgage that meets local loan limits, as set by the government.
Conforming
HELOC
Home Equity Line of Credit
A __________ is the amount you pay toward the home upfront. You put a percentage of the home’s value down and borrow the rest through your mortgage loan.
Down Payment
You + G = We
Relationship Focused
Breed of Cody's two dogs
Rhodesian Ridgeback