What do you (and older generations) know about mortgage products?
business economics finance real estate banking business mortgages
top 15
35 months ago
Small pic home ownership

The world of mortgages and home ownership is one that hasn’t been commonly explored by college students. Despite what current students might think, chances are you will eventually be well-versed in what it means to refinance and you'll even know the difference between an FHA and conventional loan.

Since we at Nationstar connect people to mortgages at the best possible values, we want to make sure we have a grasp on our customers' understanding of these products! It’s not only important for us to understand what you, as a future home owner, think about your future mortgage, but we also want to know what your parents, family, professors, and elders think as well.


Part I:

A. Call or set a time to talk with a parent, family member, professor, or anyone over the age of 40 and ask them them to explain 5 terms commonly used in the mortgage and home ownership world (listed below).

B. Quickly record their age, gender, zip code, and if they currently have a mortgage/own a home.

C. For each term, record whether they know the term, the way they define each term, and the language they use in the description.

Part II:

A. Write your own explanation of each term in your own words (no copy pasting from online!). Write about the each as if you are explaining these concepts to a peer.

B. Pick a favorite/interesting mortgage product and briefly explain why it might fit with your life.


- Conventional Loan (10,20,30 year)

- Adjustable Rate Mortgage (ARM)




Optional bonus objective:

- Record a short video of yourself explaining the 5 terms and submit a youtube or dropbox link to your video

Things to consider:

- The best submissions will be clear, well-documented, and give context as to what your seniors know about mortgages, what you understand after basic exposure, and what terms you would use to communicate these topics to a friend.

- We're looking for insights as to what consumers and also younger/millennial consumers think about mortgage products

    Submissions will be graded on the following criteria:
  • Meets Deliverables
  • Creativity
  • Clarity
Top 5 share $500 Next 10 share $500
$100.00 Square pic 60 11130154 1004852249534220 2727675174053426496 n University of South Florida
$100.00 Square pic 60 matthew gaiser calgary bow headshot  1 Queen's University
$100.00 A California Institute of Technology
$100.00 T University of Arizona
$100.00 Square pic 60 img 1476 Yale University
$50.00 Square pic 60 10 31 14 pro Walden University
$50.00 Square pic 60 1512460 865550346824852 2040412867902923889 n Elgin
$50.00 Square pic 60 1016734 10152135341647119 241370077 n University of Central Florida
$50.00 Square pic 60 18425183 1511995802152774 3974307795657542972 n Syracuse University
$50.00 J American University
$50.00 N University of Central Florida
$50.00 Square pic 60 hd University of Toronto
$50.00 Square pic 60 530061 277240235710887 1190975017 n St. John's University
$50.00 Square pic 60 win 20160606 15 14 16 pro North Carolina State University
$50.00 S University of Central Florida
Submission questions
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