Think you know mortgages? See how many of the questions below you can answer!

Which type of loan exceeds conforming loan limits set by Fannie Mae and Freddie Mac?

Which term refers to the cost of a mortgage given as a yearly percentage rate?

An Adjustable Rate Mortgage (ARM) is better for you if you plan to live in your house for 10 years or longer.

Which term refers to the holding of funds or documents by a third party prior to closing?

What does PITI stand for?

What is the first thing you should do if you are looking to buy a home?

Refinancing can lower your interest rate

Which type of loan is not insured or guaranteed by the federal government?

What is the process by which a licensed professional estimates a home’s fair market value?

All mortgage loans require a 20% down payment.

See how many mortgage terms and definitions you can match!

Definition of APR:

The fees charged for services performed, including the home appraisal, loan origination, flood certificate, the title survey, etc.:

This is paid by the buyer to the seller to bind a transaction or assure payment:

Definition of Escrow:

Definition of Home Equity:

A federal law that allows consumers to review information on known or estimated settlement costs once after application and once prior to or at a settlement:

Definition of Origination Fees:

Definition of Private Mortgage Insurance (PMI):

The process during which the decision is made whether to approve a loans rates and terms based on the borrowers’ credit, employment, assets, and other factors:

Definition of Appraisal:

How Well Do You Know Government Loan Programs?
Think you know the government loan programs? See how many of the questions below you can answer!

Which loan considers area requirements, such as the population and development?

Which loan is most popular with low-income and first-time home buyers, due to the less stringent requirements?

True or False: USDA loans don’t require a minimum down payment.

Which program was introduced by the Servicemen’s Readjustment Act?

Which loan can borrowers receive up to 100% financing?

Which loan requires the borrower to pay Mortgage Insurance Premium (MIP) or Guaranty Fee in addition to monthly mortgage payments?

True or False: The surviving unmarried spouse of a deceased Veteran is not eligible for a VA loan.

Which loan allows for down payment assistance provided as a gift by a family member, employer, or charitable organization?

What might a VA loan require the borrower to pay to reduce the cost of the loan to taxpayers?

True or False: Home buyers who do not qualify for a conventional mortgage may be able to purchase a home with a USDA loan.

See if you can match the paint color to the name!

Paint Color Quiz 15

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Paint Color Quiz 7

Paint Color Quiz 18

Paint Color Quiz 10

Paint Color Quiz 1

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Paint Color Quiz 14

Paint Color Quiz 11

Paint Color Quiz 19

Paint Color Quiz 17

Paint Color Quiz 4

Paint Color Quiz 3

Paint Color Quiz 6

Paint Color Quiz

Paint Color Quiz 12

Paint Color Quiz 16

See how many mortgage terms and definitions you can match!

Definition of APR:

The fees charged for services performed, including the home appraisal, loan origination, flood certificate, the title survey, etc.:

This is paid by the buyer to the seller to bind a transaction or assure payment:

Definition of Escrow:

Definition of Home Equity:

A federal law that allows consumers to review information on known or estimated settlement costs once after application and once prior to or at a settlement:

Definition of Origination Fees:

Definition of Private Mortgage Insurance (PMI):

The process during which the decision is made whether to approve a loans rates and terms based on the borrowers’ credit, employment, assets, and other factors:

Definition of Appraisal:

How Well Do You Know Government Loan Programs?
Think you know the government loan programs? See how many of the questions below you can answer!

Which loan considers area requirements, such as the population and development?

Which loan is most popular with low-income and first-time home buyers, due to the less stringent requirements?

True or False: USDA loans don’t require a minimum down payment.

Which program was introduced by the Servicemen’s Readjustment Act?

Which loan can borrowers receive up to 100% financing?

Which loan requires the borrower to pay Mortgage Insurance Premium (MIP) or Guaranty Fee in addition to monthly mortgage payments?

True or False: The surviving unmarried spouse of a deceased Veteran is not eligible for a VA loan.

Which loan allows for down payment assistance provided as a gift by a family member, employer, or charitable organization?

What might a VA loan require the borrower to pay to reduce the cost of the loan to taxpayers?

True or False: Home buyers who do not qualify for a conventional mortgage may be able to purchase a home with a USDA loan.

See if you can match the paint color to the name!

Paint Color Quiz 15

Paint Color Quiz 5

Paint Color Quiz 13

Paint Color Quiz 7

Paint Color Quiz 18

Paint Color Quiz 10

Paint Color Quiz 1

Paint Color Quiz 8

Paint Color Quiz 9

Paint Color Quiz 2

Paint Color Quiz 14

Paint Color Quiz 11

Paint Color Quiz 19

Paint Color Quiz 17

Paint Color Quiz 4

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Paint Color Quiz 6

Paint Color Quiz

Paint Color Quiz 12

Paint Color Quiz 16