Non-Traditional Products Advanced Update
Statutory and Regulatory Update 2018
Outline
-
Current
Products offered today - Appropriate Guidance
- Interest and Payments
- Negative Amortization
- Other Non-traditional Loan Programs
Learning Objectives
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To know how to determine the fully amortizing payment on a mortgage -
To know the risk level of each interest payment types -
To understand the advantages and disadvantages of an interest only loan -
To understand Interest and ARM calculations -
To know what the life cap is -
To know what the interest rate floor is -
To understand the components of an ARM -
To understand Negative Amortization -
To understand the payment options on a negative amortization loan -
To understand the start rate on a Negative amortization loan -
To understand how payments on HELOCS differ from home equity loans -
To understand how Reverse mortgages are designed for borrowers -
To understand the most important disclosure for consumers taking a balloon mortgage -
To understand how a “construction loan” payments are calculated
Teaching Methods:
Power Points, Video PowerPoint Presentation and Quizzes
