RC_LA_SS_300.2 Special Loan Products
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011152-WC-WPurchase
PLEASE NOTE: MBA Education will be transitioning to a new learning platform in June 2020. We strongly suggest that you complete your course(s) before Friday, June 19, 2020. Progress in any courses that are not completed as of the transition date will be lost and you will need to start from the beginning of your course(s) in the new platform.
If you think you will be unable to complete your courses before Friday, June 19, we recommend that you delay your registration until the transition is complete.
This is a single-family/residential course.
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.
- Adjustable-Rate Loans
- Balloon Loans
- Piggyback Loans
- Buydown Loans
- Construction Loans
- Less Common Special Loan Products
Seat time approximately one (1) hour.