True of False
False
I drive a what type of vehicle for work 95% of the time
2004 Chevy Tahoe - Betsy
What is the minimum required down payment for a 1st time buyer?
What is 3.5% FHA and 3% Coventional Loan
What I like to drink..
What is: Frosty cold beer
The term PMI related to mortgage stands for...
What is: Private Mortgage Insuracne alson known as MMI - monthly mortgage insuracne
Scott has only had a professional career in Mortgage Lending
False - Title Rep from 2001-2008
This type of loan doesn't follow county guidelines and has no restrictions up to $5,000,000
What is: a VA Loan
My favorite F word is..
What is: Funded - means i'm getting paid
Who are: Eric Church & Lainey Wilson
You may purchase a home with an FHA loan in LA, Orange and San Diego county even if the loan amount exceeds conforming loan limits..
True - These counties have High Balance loan limits where San Bernardino & Riverside do not
I have 2 children.. Their names are..
What are Adley & Austin
These types of loans are called......... which assist buyers with little to no money to purchase a home
What are: Down Payment Assistance options or DPAs
Getting Approved with Scott
What is: 2014 or 12yrs ago - and i've been President for 11 of those years
Jody and Scott were introduced by a random affliate and that's how they met
Scott & Heather got married on this chapter members same birthday. What is the date?
What is: June 2nd
The 4 most common types of financing are what..
What are: Conventional / FHA / VA & Jumbo Loans
Mortgage Rates are tied to this but they do not fully determine a mortgage interest rate
What is: The Federal Funds Rate - The amount banks charge each other on a daily basis to borrower money
Name the 2 teams that I have on my water cups I bring to the meetings
What are: The Bills and The Dodgers
You can purchase a home with financing with no income..
True - Asset Depletion Loan
Prior to 2001 What career path was I seeking?
What is: Snowboarding
What are the minimum months reserves required on a Jumbo Loan?
What is: 6 months
These are the 2 largest mortgage purchasing entities purchasing loans on the secondary market
purchase and sell as MBS - Mortgage back securities and sell to investors
What is my nickname?