Mortgage Acronyms
MI
Mortgage Insurance
What is the minimum you can put down on a VA loan?
0%
My wife's name is?
Kathryn
You can receive a gift for your down payment.
True
LO
Loan Officer
Who determines the value of the home during the loan process?
Appraiser
How many siblings do I have?
5
It is okay to finance furniture before you close on your home.
False
PITI
Principal, Interest, Taxes and Insurance
How much do you need to put down on a conventional loan not to pay monthly mortgage insurance?
20%
My go-to beer is?
michelob ultra
In some cases, you can close a loan without having to get an appraisal.
True
FHA
Federal Housing Administration
What do you call the person that approves your loan?
An Underwriter
How long have I been in the mortgage business?
7 years
You get a better interest rate when you put 20% down instead of 5%.
False
VOE
Verification Of Employment
How long does a prequalification for a mortgage last?
120 days
My favorite hobby is?
Hunting
Matt is 25 years younger than Brian Reese.
False(but not to far away)