Mortgage Lending Jeopardy

KNICKS HISTORY

100

When did the Knicks win their first NBA Championship?

1970

200

Who is the Knicks all time leading scorer? 

Patrick Ewing

300

Jalen Brunson was the __ of the 2018 NBA Draft

33rd

400

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

6

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?

MORTGAGE 101

100

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

What is LTV?

200

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

What is a home equity line of credit or HELOC?

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

A type of insurance often required by a lender when the down payment is less than 20%

What is private mortgage insurance (PMI)?

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?