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Real Estate Finance - 4 hr
3 hours of Pennsylvania Continuing Education
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This Pennsylvania 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.
Our Pennsylvania Real Estate Commission approval number for this course is CR006974. Click for a demo of course.
Click for Pennsylvania Real Estate License Requirements.
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
Plus, at Pennsylvania Real Estate School Online, you will also get ALL THE BONUS MATERIALS SHOWN BELOW FOR FREE for enrolling in our course.
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Sale Price: $37.00 $50.00 |
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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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