To Qualify or Not To Qualify, That is the Question
Abbreviate What?
For the Love of Food
The Life of Lenders
It’s Something Random
100
This type of mortgage often has a lower interest rate, lower down payment (<20%), and shorter amortization.
What is a High-Ratio/Insured/Default Insured mortgage
100
Traditionally a revolving collateral mortgage capped at 65% loan-to-value
What is a HELOC
100
Deep fried potatoes often preceded by the word "French" but is not French
What are French Fries
100
In 2022, this Lender was recognized as Private Lender of the Year by Mortgage Awards of Excellence.
What is CMI
100
A car that has become a symbol of a Time Machine when going Back to the Future
What is a DeLorean
200
True/False: Every person on Title must be a borrower, but not all borrowers must be on Title.
True
200
(Principal + Interest + Taxes + Heat + Other Debt Obligations) / Gross Annual Income
What is TDS (Total Debt Service)
200
Mozzarella is in caprese salad with tomato, & tomato is with bacon in this 3-initial sandwich
What is BLT
200
We determine your Loan-To-Value based on Age, Location, and Type of Home
What is CHIP/HomeEquity Bank
200
Derived from the meaning "Death Pledge," referring to the pledge ending when either the obligation is fulfilled or property possessed through foreclosure
What is Mortgage
300
Represented by numbers (eg. 680), but sometimes by alpha (eg. R), to determine credit behavior.
What is a Credit Score/FICO
300
Common referred to as TCG
What is The Costa Group
300
Country that invented a pizza with pineapples and hams
What is Canada
300
You're Richer Than You Think
What is ScotiaBank
300
Name of this person
What is Edward
400
AML Down Payment Requirements:
A) 3 Months
B) 60 Days
C) 90 Days
What is (C) 90 Days
400
The yearly interest generated by a sum that's charged to borrowers or paid to investors
What is "APR" - Annual Percentage Rate
400
This canned meat whose name is a mashup of Spice and Ham
What is Spam
400
Comfy Green Chair
What is TD Bank
400
Species of birds that wrap its tongue around its brain as a form of protection
What is a Woodpecker
500
As of 12 June 2023, Bank of Canada Prime Rate is what?
What is 7.20%
500
A financial condition when purchasing a real property that is typically 5 business days or more
What is COF - Condition of Financing
500
A single spaghetti noodle
What is Spaghetto
500
I am your BDM (name of Lender)
What is RFA Mortgages
500
In a simpler time, this phrase meant "hang out & watch a movie;" it's evolved to mean "hangout, watch a movie &... you know"
What is Netflix & Chill