Nhmc Mortgage Fun Quiz Game

15 Questions | By Alcalara | Last updated: Feb 22, 2013 | Total Attempts: 22

Questions

Settings

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 Your scores will not be published.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 3^rd 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

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