Loan Types
It's beginning to look a lot like....
Truth in Lending Act
Front/Back-End Ratio
Straight from the North Pole
100
What is the type of loan that can require a 20 percent down payment?
What is a Conventional loan
100
Written in 15 minutes, this song just recently took the top spot for Billboard's hot 100 Christmas singles list but has been a staple of our holiday tradition for almost 30 years now garnering the top spot many times before...
What is All I want for Christmas by Mariah Carey
100
What type of residence is protected under TILA?
What is a 1-4 family residence!
100
Define Front-End Ratio..
What is the percentage of income that can be used solely for house payment.
100
The greatest Christmas movie of all time name this epic flick?
What is Die Hard!!
200
What is/are loan(s) that typically require a 0 dollar down payment? There are two.
What are the VA and USDA loan
200
(Slaps face - AHHHHHHHHHHHHHHHHH) The highest grossing Christmas movie of all time, the Wet Bandits should have thought again about entering the Silver Tuna with a rogue vigilante child on the prowl..
What is Home Alone
200
How must the lender disclose the true cost of credit on a mortgage?
What is APR!
200
Define Back-End ratio...
What is percentage of income that can be used for house payment PLUS all debt.
200
The largest Christmas gift EVER given stands patriotically...
What is the Statue of Liberty
300
What loan type has a front-end, back-end ratio of 31/43 and are reserved for 1st time home buyers?
What is a FHA loan!
300
To infinity and beyond..the first ever song played in space was this bellsy jingle?
What is Jingle Bells!
300
What government act does TILA fall under?
What is the consumer protection act!
300
Define Debt when it comes to the Back-End Ratio
What is debt is considered any recurring installment debt, credit card payments, student loans, car payments, etc, etc, etc.
300
Easily the most covered song in Christmas history, this hauntedly beautiful carol ____________has been reimagined over____ times by the likes of Boyz II Men, Bing Crosby and Mr. Justin Bieber!
What is Silent Night and it has been recorded over 750 times.
400
Which loan type(s) would the borrower qualify for in the following example: Name all.
- Property is outside of city limits in rural area
- Borrower is a 1st time home buyer.
- Borrower is a veteran of the United States Navy
What are Conventional, FHA, USDA and VA loans
400
The 4 main food groups elves eat are Candy, Candy Canes, Candy Corn and _______?
What is Syrup!
400
Beth: What are my Monthly payments, number of payments, down payments, finance charges and terms?
Larry: They are ************
This is an example of Larry giving ________ _______
What is Full Disclosure!
400
Larry: Thank you Beth for that information. These payments which you will be making will solely cover your house payment?
This is an example of? Front end or Back-end
What is Front-End Ratio
400
Twinkle Twinkle all over your house, your tree...your bathroom, you name it these little strings of flashing brilliance that we decorate with every year were created by?
Who is Thomas Edison, created the first strand in 1880
500
Which loan type(s) would the borrower qualify for in the following example: Name all.
- Property in question is a 100 acre farm
- This will be the borrowers 2nd time purchasing
- Borrower is a Veteran of the Space Force
What are conventional, USDA and VA loan
**Note: Qualify for all except FHA
500
If you gave all the gifts listed in "Twelve Days of Christmas" it would equal how many presents?
What is 364 presents
500
**********Daily Double***********
Finish these Lyrics: Winter's a good time to stay in and cuddle But put me in summer and I'll be a...._________ __________!!!!
What is...Happy Snowman!
500
***********Daily Double***********
How big does Beth's/Harriet's heart grow when we connect them? Use the Grinch above as reference.
What is 3 times!!
500
The North American Aerospace Defense Command (NORAD) has been tracking Santa's journey around the world since 1958. What was the catalyst in 1955 that started their guarantee to assure Santa's safe journey around the globe each year after?
What is a young child accidently called in to CONAD (Continental Air Defense Command) in CO Springs after reading about a promotion in a local newspaper. The commander on duty took seized the moment to create a little Christmas spirit and assured the youngster of Santa's safe passage.