Nhmc Mortgage Fun Quiz Game
.jpg "Nhmc Mortgage Fun Quiz Game - Quiz")
Mechanics:
1. Whoever gets the highest score is the winner plus he/she gets a free Tim Horton's large coffee on Monday!
2. If there are 2 or more winners, no tie breaking. All winners get the prize.
3. Please do not take the quiz twice so you can get high score the next time.
4. No comparing/coaching of answers please.
5. After you take the fun quiz game, download your score and send it to alfred@newhavenmortgage. Com
6. Winner/s will be announced as soon as we have collected all the scores.
7. Your scores will not be published. Read moreIt will be kept with utmost confidentiality.
8. This game begins today and ends at 5pm today.
So, what are you waiting for, WINTER? ! Answer the fun quiz while the coffee is hot!
Have Fun!
- 1.
NHMC services their own loans and on behalf of other lenders.
- A.
True
- B.
False
Correct Answer
A. True -
- 2.
NHMC earns revenue from interest rate spreads.
- A.
True
- B.
False
Correct Answer
A. True -
- 3.
NHMC lends on mobile homes.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Hell NO!!! NHMC do not lend on mobile homes.Rate this question:
-
- 4.
NHMC lends on co-ownerships.
- A.
True
- B.
False
Correct Answer
A. True -
- 5.
NHMC lends on co-operatives.
- A.
True
- B.
False
Correct Answer
B. False -
- 6.
NHMC allows borrowers to pre-pay their mortgage out of their equity.
- A.
True
- B.
False
Correct Answer
A. True -
- 7.
NHMC lends in Quebec.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
But in the future, yes. We will.Rate this question:
-
- 8.
NHMC provides 3rd mortgages?
- A.
True
- B.
False
Correct Answer
A. True -
- 9.
NHMC’s maximum first mortgage loan amount is $2Million.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
We can go higher than $2M but it all depends on the property (LTV, condition, location, etc.).Rate this question:
-
- 10.
Elliott Rosenberg lends on commercial properties.
- A.
True
- B.
False
Correct Answer
B. False -
- 11.
NHMC allows borrowers to finance a mortgage while he is still in bankruptcy.
- A.
True
- B.
False
Correct Answer
A. True -
- 12.
NHMC lends on a purchase where the appraisal has a higher value than the purchase price and lends on the higher appraisal value.
- A.
True
- B.
False
Correct Answer
A. True -
- 13.
NHMC finances incomplete construction.
- A.
True
- B.
False
Correct Answer
A. True -
- 14.
NHMC can blanket one or more properties if the main security does not have the required equity.
- A.
True
- B.
False
Correct Answer
A. True -
- 15.
NHMC can issue a cheque out of its trust account.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
By law, NHMC cannot withdraw from its trust account without written permission from the borrower.Rate this question:
-
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 22, 2022Quiz Edited by
ProProfs Editorial Team -
Sep 07, 2012Quiz Created by
Alcalara
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