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Real Estate Finance New

Course Description

Real Estate Finance.

This course provides an introduction to residential real estate finance, including information on the underwriting process for FHA, VA, FNMA & FHLMC loans. It includes the following lessons.

  • Introduction to Loans
  • Conventional Loans
  • FHA Loans
  • VA Loans
  • The Basics of Real Estate Financing
  • Real Estate Practice

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.

LEARNING OBJECTIVES

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Upon completion of this course, the student will.

  • 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

State Requirements

Our real estate CE courses meet the requirements of the Nevada Real Estate Division.

PRICE:

$39.99

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