The first part of this real estate course is an overview of terms and definitions intended for use as a foundation for the understanding of real estate finance. In addition, these real estate terms and definitions will give you a better understanding of the real estate industry and how finance relates to the real estate business. The second part of the real estate course is to provide an understanding of the loan programs available to the consumer in Texas as well as the loan process in the real estate transaction. Real Estate agents must have a working knowledge of real estate finance in order to better service the customers. The real estate agent will look to the professional loan officer to pre-qualify or pre-approve the purchaser. Once the loan officer takes the loan application the file is turned over to the loan processor who verifies the purchaser’s information. The file is then sent to underwriting to determine loan approved and closing instructions.

REAL ESTATE COURSE OUTLINE:
Some of the topics included in this course

• Vocabulary of Finance
• Primary Mortgage Market
• Loan Application
• Secondary Mortgage Market
• Adjustable Rate Mortgages (ARM)
• ARM Terminology
• ARM Disclosure Rules
• FHA Loans