RESO Learning

Unit 4.1 Learning Objectives Topic

4.1.1 Primary Mortgage Lenders and Brokers

Stop and Think

4.1.2 Secondary Mortgage Market

4.1.3 Down Payment Assistance Programs

UNIT 4.1 Knowledge Check

Unit 4.2 Learning Objectives Topic

4.2.1 Promissory Note

4.2.2 Mortgages

Stop and Think

4.2.3 Deed of Trust

4.2.4 Lien Theory and Title Theory

UNIT 4.2 Knowledge Check

Unit 4.3 Learning Objectives Topic

4.3.1 Elements of a Contract

4.3.2 Statute of Frauds

4.3.3 Parties to a Mortgage

4.3.4 Anatomy of Mortgage Lending

4.3.5 Mortgage Terminology

Stop and Think

4.3.6 Initiating a Mortgage Loan

4.3.7 Qualifying for a Mortgage Loan

4.3.8 Closing a Loan

UNIT 4.3 Knowledge Check

Unit 4.4 Learning Objectives Topic

4.4.1 Common Loans and Repayment Methods

4.4.2 Interest

4.4.3 Property Pledged

4.4.4 Alternative Financing

UNIT 4.4 Knowledge Check

Unit 4.5 Learning Objectives Topic

4.5.1 Conventional Loans

4.5.2 FHA Insured Loans

4.5.3 VA Guaranteed Loans

UNIT 4.5 Knowledge Check

Unit 4.6 Learning Objectives Topic

4.6.1 Qualifying the Property

4.6.2 Loan-to-Value Ratio

4.6.3 Qualifying the Buyer

4.6.4 Qualifying the Title

4.6.5 Mortgage Costs

Stop and Think

4.6.6 Foreclosure

4.6.7 Short Sales

UNIT 4.6 Knowledge Check