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URL:https://www.learndesk.us/class/4746122453057536/lesson/e21aec20399e784bd1f00366d7a02f91?ref=outlook-calendar
SUMMARY:Types of Mortgages and Sources of Financing
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/4746122453057536/lesson/e21aec20399e784bd1f00366d7a02f91?ref=outlook-calendar
DESCRIPTION: Learning Objectives
 Describe the mechanics of an adjustable-rate mortgage and the components of an ARM  Describe the features of an amortized mortgage and amortize a level-payment plan mortgage when given the principal amount, the interest rate, and the monthly payment amount  Distinguish among the various types of mortgages  Describe the characteristics of FHA mortgages and common FHA loan programs  Identify the guarantee feature of VA mortgage loans and the characteristics of VA loan programs  Explain the process of qualifying for a loan and how to calculate qualifying ratios  Distinguish among the primary sources of home financing  Describe the role of the secondary mortgage market and know the features of the major agencies active in the secondary market  Describe the major provisions of the federal laws regarding fair credit and lending procedures  Recognize and avoid mortgage fraud
Key Term



adjustable-rate mortgage (ARM) amortized mortgage balloon payment...

https://www.learndesk.us/class/4746122453057536/lesson/e21aec20399e784bd1f00366d7a02f91?ref=outlook-calendar
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SEQUENCE:3
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