 |
Mortgages, FNMA, FICO, ETC.
Course Type: Elective
Credits: 3
This is a new course that introduces you to mortgages, financing, credit score, etc. We will discuss how to find out how much your client can borrow, estimating home ownership expenses, how to qualify for a mortgage and creative financing methods when your client is short of cash. We will discuss the different types of mortgages that are available to the borrower, FHA, VA, conventional loans, conforming or jumbo loans, primary and secondary market and how they function in the world of finances. You will learn terms used in mortgages, what PMI does, fixed vs. variable loans, bridge and construction loans vs. permanent takeout loans, how to find lenders and the types of seller financing. You will learn how FICO scores play a vital role in the loan process, about points and interest rates, how to fill out the uniform residential loan application form, what is a reverse mortgage, pros and cons of prepaying your loan and methods to pay off the loan earlier. This course will explain the loan process that is easy to understand.
Mortgages, FNMA, FICO, ETC. Course Times:
|
