Fundamentals of Mortgage Finance - Types of Loans How They Perform for the Buyer

Description

4 CE 

So many loans, so little time! This course will acquaint the Realtor®, new or experienced, with a pictorial overview. Students will be shown the different loan options, including Fixed Rate Loans, Adjustable Loans, Balloon Loans and how a 2-1 “Buy-down” loan performs. This course is designed to help the Realtor® see how the different types of loans perform over their term so that they may be able to answer a client’s questions relative to their specific purchase when they use these different types of loans. Enroll in this course and know your loans!

 Note: Please bring a calculator for this class.

 Objectives: After taking this class students will be able to: 

• Identify the different types of loans. 

• Understand how loans perform over term. 

• Learn to calculate the initial & subsequent rate changes of ARMS. 

• Solicit and justify a “Smart Offer” from the buyer. 

• Explain the benefits of A “Smart Offer” to the Seller.

**No-Show Policy: We understand that unforeseen circumstances may arise, making it difficult to attend scheduled classes. If you are unable to attend a class, kindly notify us 48 hours in advance. Cancellation notices should be sent to Alisha Kissee Garcia ( alisha@ralsc.org ) and/or Shannon Diehl ( shannon@ralsc.org ).Participants who do not attend a class or event without providing prior notice will not be eligible for a refund.   In cases of exceptional circumstances, such as a medical emergency or unforeseen personal crisis, we may consider refund requests on a case-by-case basis. As an Association committed to providing high-quality learning experiences, we have implemented this No-Show Policy to uphold the standards of our educational programs and ensure all members who are looking to attend a course get an opportunity to do so. 

Instructor: Michelle Rojas