Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
37 Cards in this Set
- Front
- Back
|
What is the add on for a loan amount > $1,000,000?
|
+0.375
|
|
|
What is the add on for a loan amount $750,001 - $1,000,000?
|
+0.250
|
|
|
What is the add on for a loan amount $500,000 - $750,000 w/ppp?
|
-0.375
|
|
|
What is the add on for a loan amount $250,000 - $750,000?
|
-0.250
|
|
|
What is the add on for a loan amount $50,000 - 75,000
|
+0.250
|
|
|
What is the add on for a Stated Wage Earner?
|
+0.300
|
|
|
What is the add on for Limited Docs (6 mos bank statements)?
|
+0.250
|
|
|
What is the add on for Full Doc (12 mos bank statement)?
|
+0.125
|
|
|
What is the add on for Full Doc (24 mos bank statement)?
|
+0.000
|
|
|
What is the add on for N/O/O?
|
+0.750
|
|
|
What is the add on for a 2nd Home?
|
+0.250
|
|
|
What is the add on for a rural property?
|
+0.500
|
|
|
What is the add on for a 3-4 Unit property (Full/Lim Doc)?
|
+0.500
|
|
|
What is the add on for a 3-4 Unit property (Stated Doc)?
|
+1.00
|
|
|
What is the add on for a Condo?
|
+0.250
|
|
|
What is the add on for 1/2 point YSP?
|
+0.250
|
|
|
What is the add on for for 1 pt YSP?
|
+0.500
|
|
|
What is the add on for 1.50 pt YSP?
|
+0.875
|
|
|
What is the add on for 2 pt YSP?
|
+1.250
|
|
|
What is the add on for 1 pt Buydown?
|
-.500
|
|
|
What is the add on for a 2 year prepay penalty (products with a 3 year ppp)?
|
+0.500
|
|
|
What is the add on for a 1 year prepay penalty (all products)?
|
+0.750
|
|
|
What is the add on to waive a prepay penalty?
|
+1.000
|
|
|
What is the add on for a Full doc 2/28, (non-IO) w/ppp?
|
-0.200
|
|
|
What is the add on for a 3 year ARM?
|
+0.250
|
|
|
What is the add on for a 5 year ARM?
|
+0.500
|
|
|
What is the add on for a 40/30 ARM?
|
+0.100
|
|
|
What is the add on for a Fixed (30,20,15 YR Terms)?
|
+0.500
|
|
|
What is the add on for a Fixed (40/30 term)?
|
+0.800
|
|
|
What is the add on for a Fixed (40/30 term) 620 + score w/ppp?
|
+0.600
|
|
|
What is the add on for an Interest Only Adjustment?
|
+0.250
|
|
|
What is the add on for a BK discharged < 1 year?
|
+0.250
|
|
|
What is the add on for a Purchase if LTV/CLTV <==90%?
|
-0.125
|
|
|
What is the add on for a Purchase if LTV/CLTV <==60%
|
-0.125
|
|
|
What is the Minimum Product Rate for ARM's?
|
5.50%
|
|
|
What is the Minimum Product Rate for Fixed?
|
6.25%
|
|
|
What is the Max YSP if no prepay or loan amount exceeds $500,000?
|
1 pt
|
