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Real Estate Finance
3 hours of Colorado Continuing Education
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This Colorado real estate continuing education course provides an introduction to residential real estate finance, including information on the underwriting process for FHA, VA, FNMA & FHLMC loans. In this course the student will learn the basics of the different types of loans available and the advantages and disadvantages of each; loan applications; appraisals; escrow; titles; and credit reports, including qualifying for loan amounts and verifying income and assets.
The student will also learn how to calculate loan amounts, estimate monthly payments from property taxes, hazard and mortgage insurance, qualifying ratios and income.
TOPICS COVERED:
- INTRODUCTION
- Lesson 1: Introduction
- Lesson 2: Conventional Loans
- Lesson 3: FHA Loans
- Lesson 4: VA Loans
- Lesson 5: The Nuts and Bolts
- Lesson 6: Case Studies
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Sale Price: $25.00 $34.95 |
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LEARNING OBJECTIVES:
- Understand the basic concepts of real estate financing, and the key terms involved
- Know how to qualify a buyer for the most common types of loans
- Be familiar with the use and function of escrow accounts
- Know what a Mortgage Insurance Premium is
- Know the underwriting guidelines and process
- Be familiar with the three most common types of loans: Conventional, FHA and VA
- Know the advantages and disadvantages of conventional loans
- Know how to use conventional qualifying ratios
- Know the advantages and disadvantages of FHA loans
- Know about the differing FHA qualification ratios
- Know the advantages and disadvantages of VA loans
- Be familiar with VA eligibility and qualification periods
- Be able to calculate the amount of VA entitlement used
- Be able to calculate VA loan amounts and required down payments
- Know the process and qualifications for assuming VA and FHA loans
- Be familiar with other types of loans available
- Know how to underwrite and close loans
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