Financing is as integral to real estate transactions as the home itself, and it’s beneficial for licensees to have a clear understanding of the entire financing process. This course will help you to gain a better understanding of the changes the mortgage market has experienced over the years, and introduce you to some loan programs you may not be familiar with, helping you identify better the right financing options for your clients. Course highlights include: · A look at the history and purpose of real estate financing · Explanation of the roles and regulations of FNMA, GNMA, FHLMC, FHA, USDA, and VA · Information about Making Home Affordable program · Statistics from the Center for Responsible Lending and the Federal Reserve · Affordability Worksheet, to assist clients in calculating their maximum affordable purchase price · Homebuyer Do's and Don'ts flier with tips for your clients · Instructions on calculating LTV, front-end and back-end ratios, and monthly mortgage payments · Details and qualification requirements for several popular financing options