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.
Note: The course itself is delivered via PDF, while the exam will need to be taken online.
What You Get
Certificate of completion
Online, Available 24/7
At your own pace, save progress as you go
Support available by email, phone, or chat
Content is updated and current
- 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
When Does My Course Expire?
Your course will expire one (1) year after you purchase it (the date you submit payment), unless the course itself indicates otherwise.
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 firstname.lastname@example.org.
What If I Need a Refund for My Training Course?
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 email@example.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.
|Name:||Texas Real Estate Commission|
|Address:||1700 N. Congress Avenue|
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