What type of loan am I?
This loan is for using a vehicle
Auto Loan
One of the tools used to calculate DTI, LTV, or etc.
Calculator
What is the system we use to take applications called?
LoansPQ
Clients must have this if their vehicle or home is being used as collateral.
Insurance
This is the length of time someone can request a loan be taken out for
term
These loans are second mortgage on your primary property
Heloc (home equity line of credit) or Home Equity loan
What does LTV stand for?
Loan to value
This is used to determine the value of a home
What is an appraisal
Compliance requires this document to be given out with all in person Heloc applications.
Early Heloc disclosure
This is the fee for an auto loan
$175
This loan is a non-real estate loan. There is no collateral
Unsecured loan
What does DTI stand for?
Debt to income
This loan is similar to line of credit against your checking account
Ready reserve
What is the annual fee for a Heloc?
$50
This is the fee(s) for a Heloc?
$0
This loan is secured by a recreational vehical.
RV loan
These sheets determine what percentage a client might get on an ONB loan?
Rate sheets
What is the prime rate as of today?
7.50%
What's the discounted rate for a Heloc for the first 6 months
1.50%
This 3-digit number represents someone's creditworthiness
FICO score
This loan is secured by a CD and also used help establish someone's credit
Believer Loan
This document gives the guidelines for each product?
Product guide
This phrase is used to inform the bankers that its ok to order loan documents
Clear to close
This is the minimum age requirement to apply for a loan at OLB
18
One we have secured a loan on our collateral, this is placed on their title or deed
Lein