Post License

2 Hours Real Estate Related Finance (0214030202 PLE)


Description
Define and describe various types of loans (term loans, fully amortized loans, partially amortized loans).
Compute interest and payments on different loan types.
Explain the loan-to-value ratio and its impact on financing.
Understand the concepts of equity and equity build-up.
Identify and explain key federal and state lending regulations.
2 Hours Post Licensure Required credit
Content
  • Introduction
  • Financing Techniques
  • Amortized Loans
  • Loan-to-Value Ratio
  • Origination Fee and Discount Points
  • Chapter Test- Financing Techniques
  • Loans Classified by Lender's Security
  • Conventional Loans
  • Loans Classified by Special Provision
  • Purchasing "Subject To" and Assuming a Debt
  • Chapter Test- Loan Classifications
  • Mortgage Markets and Lender Regulations
  • Secondary Market
  • Lending Regulations
  • Chapter Test- Mortgage Markets and Lender Regulations
  • Final Exam
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: 2 years