451 Real Estate Finance I (PDF with Quizzes)

This course provides a comprehensive introduction to real estate finance and fulfills Texas pre-license educational requirements. TREC provider #4591

Course Approval Number 451

Includes: Certificate of Completion

Duration: 30 Hour(s) | Language: English

About this Course

This course provides a comprehensive introduction to real estate finance and fulfills Texas pre-license educational requirements.

You'll learn about the types of mortgages that are available, from conforming and non-conforming conventional loans to Adjustable Rate Mortgages (ARMs) and more. We'll explore FHA and VA loans, as well. You'll learn the advantages and disadvantages of each loan type.

You'll find out the financial qualifications lenders evaluate to assess the risk of making a loan, including the borrower's income, credit, debt, source of funds, and net worth. We'll also explain in-depth how lenders qualify property for a loan through a thorough and accurate property valuation.

Then we'll turn to the closing process. You'll discover the customary costs involved, the way some items are prorated between buyer and seller, and the requirements established by the Real Estate Settlement and Procedures Act (RESPA).

Finally, we'll explain what happens when a borrower defaults on the mortgage contracts. You'll learn about the process of foreclosure and the ways foreclosure can be prevented through forbearance, moratoriums, and recasting.

Course Facts

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What You Get

Certificate of completion

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Credit Hours

30 hours

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Learning Type

100% Online, Available 24/7

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Course Structure

At your own pace, save progress as you go

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Support

Customer support available 7 days a week

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Course Updates

Content is updated and current

Topics Covered

  • The Nature and Cycle of Real Estate Finance
  • Money and the Monetary System
  • Additional Government Influence
  • Primary and Secondary Mortgage Markets
  • Sources of Funds
  • Instruments of Real Estate Finance
  • Loan Types, Terms, and Issues
  • Government Loans
  • Loan Process
  • Defaults and Foreclosures

Regulatory Information

Texas Real Estate Commission (TREC)

Phone: 512-936-3000

Fax: 512-926-3863

Website URL: http://www.trec.texas.gov/

Email Address: information@trec.texas.gov

Address: 1700 N. Congress Avenue

City: Austin

State: TX

Zip: 78701

TREC Provider #4591

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Your course will expire one (1) year after you purchase it (the date you submit payment), unless the course itself indicates otherwise.

For more information about course expiration dates, please read Terms of Use.

How Quickly Will I Get My Certificate of Completion?

Once you finish your course and pass any required exams, you can print your certificate of completion right away.

What Can I Do If I Lose My Certificate?

If you lose your certificate of completion and need a new one, you can contact customer service at (877) 881-2235 or support@360training.com.

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If for some reason you are not happy and would like a refund, send us a request within 72 hours of purchase. Here are the eligibility requirements you must meet:

  • Your purchase was made no more than 72 hours prior to your refund request.
  • You have NOT
    • Attempted any portion of a test or exam.
    • Requested or been issued a certificate of completion.
    • Completed 50% or more of the purchased course.

If you meet all of these criteria, submit your refund request in writing via email to support@360training.com with a proof-of-purchase receipt and an explanation for why you are requesting a refund.

You can find more information about our refund policy here.

 

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