National Residential Mortgage Loan Originator
CATEGORY: Real Estate Finance and Ownership

Finance Instruments

Course Access: Lifetime
Course Overview


  1. Finance

    1. Promissory Notes
    2. Negotiable Instruments
  2. Security

    1. Trust Deeds
    2. Mortgages
    3. Judicial Foreclosure Procedure
  3. Typical
    Clauses in Finance Instruments

    1. Acceleration Clause
    2. Alienation Clause
    3. Defeasance Clause
    4. Partial Release, Satisfaction, or Conveyance Clause
    5. Prepayment Clause
    6. Subordination Clause
    7. Other Mortgage Clauses and Covenants
  4. Types
    and Features of Mortgages

    1. Purchase Money Mortgage
    2. Cash-Out Mortgage
    3. Refinance Mortgage
    4. Home Equity Loan, Home Equity Line of Credit
    5. Blanket Mortgage
    6. Bridge Mortgage
    7. Graduated Payment Mortgage (GPM)
    8. Open-End Mortgage
    9. Package Mortgage
    10. Reverse Mortgage
    11. Equity Participation Mortgage
    12. Wraparound Mortgage
    13. Construction Mortgage
  5. Land

Learning Objectives

  1.       Learn general finance terms and concepts
  2.       Demonstrate knowledge of mortgage related
  3.       Ability to determine how agreements affect
    mortgage transactions
  4.       Gain knowledge of advantages and disadvantages
    of types of mortgages

Teaching Methods:  

PowerPoints, Video PowerPoint Presentation and Optional Quiz

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