Nhmc Mortgage Fun Quiz Game

15 Questions | Total Attempts: 20

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Nhmc Mortgage Fun Quiz Game

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 [email protected] Com 6. Winner/s will be announced as soon as we have collected all the scores. 7. Your scores will not be published. It 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


Questions and Answers
  • 1. 
    NHMC services their own loans and on behalf of other lenders.
    • A. 

      True

    • B. 

      False

  • 2. 
    NHMC earns revenue from interest rate spreads.
    • A. 

      True

    • B. 

      False

  • 3. 
    NHMC lends on mobile homes.
    • A. 

      True

    • B. 

      False

  • 4. 
    NHMC lends on co-ownerships.
    • A. 

      True

    • B. 

      False

  • 5. 
    NHMC lends on co-operatives.
    • A. 

      True

    • B. 

      False

  • 6. 
    NHMC allows borrowers to pre-pay their mortgage out of their equity.
    • A. 

      True

    • B. 

      False

  • 7. 
    NHMC lends in Quebec.
    • A. 

      True

    • B. 

      False

  • 8. 
    NHMC provides 3rd mortgages?
    • A. 

      True

    • B. 

      False

  • 9. 
    NHMC’s maximum first mortgage loan amount is $2Million.
    • A. 

      True

    • B. 

      False

  • 10. 
    Elliott Rosenberg lends on commercial properties.
    • A. 

      True

    • B. 

      False

  • 11. 
    NHMC allows borrowers to finance a mortgage while he is still in bankruptcy.
    • A. 

      True

    • B. 

      False

  • 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

  • 13. 
    NHMC finances incomplete construction.
    • A. 

      True

    • B. 

      False

  • 14. 
    NHMC can blanket one or more properties if the main security does not have the required equity.
    • A. 

      True

    • B. 

      False

  • 15. 
    NHMC can issue a cheque out of its trust account.
    • A. 

      True

    • B. 

      False