RC_LA_SS_300.2 Special Loan Products
Homebuyers come to the mortgage market with many different financial circumstances and goals. Often a fixed-rate conventional loan is not the best choice for a specific situation. To meet the needs of as many potential mortgagors as possible, mortgage bankers now offer a wide variety of mortgage options.
In Special Loan Products, you will learn about common special loan products: adjustable-rate loans, balloon loans, piggybacks, buydowns, and construction loans. You will also learn about less common products such as GEMs, GPMs, and GPARMs. For each product, we will look at its advantages and risks, special servicing considerations, and regulatory requirements.
This is a single-family/residential course.
- Adjustable-Rate Loans
- Balloon Loans
- Piggyback Loans
- Buydown Loans
- Construction Loans
- Less Common Special Loan Products
Seat time approximately 1.5 hours.