‘APR' (Annual Percentage Rate) can be ‘Fixed' or ‘Variable' type. In ‘Fixed APR', the interest rate remains same throughout the term of the loan or mortgage, while in ‘Variable APR' the interest rate will change without notice, based on the other factors like ‘prime rate'.
Tell me where at in the processing do you usually run into delays, and what steps do you take to avoid them?
Please explain what is Line of credit?
Explain me what have you done in the past year to make yourself a better Mortgage Loan Processor?
Tell me what is ‘Availability Float'?
Explain me what is the difference between ‘Cheque' and ‘Demand draft'?
Tell me what is Cost Of Funds Index (COFI)?
Explain me what's your ideal company to work for?
Tell me what are payroll cards?
Tell me what lenders have you worked with? Which are you most familiar with?
Explain me what is investment banking?
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