KNICKS HISTORY
MORTGAGE 101
100

When did the Knicks win their first NBA Championship?

1970

100

The ratio of a loan balance to the appraised value of a home.

What is LTV?

200

Who is the Knicks all time leading scorer? 

Patrick Ewing

200

A line of credit secured by equity you have in your home

What is a home equity line of credit or HELOC?

300

Jalen Brunson was the __ of the 2018 NBA Draft

33rd

300
A type of loan in which the interest rate changes periodically, up or down, usually once or twice a year.
What is an adjustable-rate loan?
400

From 1990 to today, the Knicks previously faced the Pacers __ times in the playoffs... 

6

400
A type of insurance often required by a lender when the down payment is less than 20%
What is private mortgage insurance (PMI)?
500

In 1994 the Knicks lost to Houston Rockets in Game 7 of the NBA Finals. Who was the Rockets head coach?

Who is Rudy Tomjanovich?

500

A table that lists each monthly payment from the time you start repaying the loan until the loan matures, or is paid off

What is Amortization?

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