Mortgage trivia
How many years is the most common mortgage term?
30
This movie is based on an Alice Walker novel and starred Whoopie Goldberg
The Color Purple
How many members do we have in BET?
17
This musical takes place in revolutionary Russia
Fiddler on the Roof
The term "mortgage" comes from a french term. What is that term?
Dead Pledge
What is the minimum down payment required for a traditional FHA mortgage?
3.5%
"I'm your Huckleberry"
Tombstone
What month do our memberships renew?
October
This musical takes place during World War II, the theatrical version starred Mitzi Gaynor who sang a song about washing her hair.
South Pacific
Can anyone who has served in the Armed Forces buy a home with a VA $0 down mortgage?
No
Do VA mortgages require a down payment?
No
This movie is based on a novel by Michael Blake set in the post civil war western frontier in America
Dances with Wolves
How many companies have I represented since becoming a member?
4
This musical takes place in New York City as a modern version of Romeo and Juliet
West Side Story
In Scotland, what does a house with a red door mean?
They have paid off their mortgage in full
Can you get a USDA Rural Development mortgage in Franklin IN?
Technically yes
This movie stars Jimmy Stewart, Grace Kelly and Raymond Burr
Rear Window
According to Facebook, when did BET form?
June 26,2013
This musical was based on a play by George Bernard Shaw named Pygmalion.
My Fair Lady
Can you borrow funds for your down payment?
Yes, with limitations
How does a 2/1 buydown work?
The property seller provides an amount of concessions equal to the difference in principle between the note rate and a rate 2% lower than the note rate for the first 12 months and 1% lower than the note rate for the second twelve months, as a subsidy for the buyer to enjoy lower payments for the first two years of their loan.
A Jimmy Stewart classic co-starring the great uncle of Drew Barrymore. One famous line, that is never spoken, but written, is "Remember, no man is a failure who has friends"
Its a Wonderful Life
What current members were founding members of BET?
Scott Jones, Rod Snyder, Jerry Yarnell
"I am Not Throwing Away My Shot"
Hamilton
What is a 7/1 ARM mortgage?
A 30 year mortgage with a fixed rate for the first 7 years, and after the first 7 years can adjust with the market up or down once each year. Typically with a 2 point cap for each year, and a 6 point lifetime cap.