Upon completion of this course, students will be able to:

• explain basic finance definitions
• discuss loan points and define a mortgage and deed of trust
• describe interest and amortization
• describe prepayment and loan payment plans
• describe priorities involved in recording mortgages, deeds of trusts and tax insurance reserves
• explain and give five examples of short sales and discuss foreclosure action
• explain subject to and assumption loans
• describe conventional, FHA and VA financing objectives
• define purchase money mortgages
• explain various sources of financing and the influence of the government in mortgage lending
• explain financing legislation
• explain the importance of qualifying a purchaser
• explain the events that take place during a transaction and how they affect closing