Non-Traditional Products Advanced Update

Associated Courses

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Non-Traditional Products Advanced Update

Statutory and Regulatory Update 2018

Outline

  1. Current
    Products offered today
  2. Appropriate Guidance
  3. Interest and Payments
  4. Negative Amortization
  5. Other Non-traditional Loan Programs

Learning Objectives       

  1.       
    To know how to determine the fully amortizing payment on a mortgage
  2.       
    To know the risk level of each interest payment types
  3.       
    To understand the advantages and disadvantages of an interest only loan
  4.       
    To understand Interest and ARM calculations
  5.       
    To know what the life cap is
  6.       
    To know what the interest rate floor is
  7.       
    To understand the components of an ARM
  8.       
    To understand Negative Amortization
  9.       
    To understand the payment options on a negative amortization loan
  10.    
      
    To understand the start rate on a Negative amortization loan
  11.       
    To understand how payments on HELOCS differ from home equity loans
  12.       
    To understand how Reverse mortgages are designed for borrowers     
  13.       
    To understand the most important disclosure for consumers taking a balloon mortgage
  14.    
      
    To understand how a “construction loan” payments are calculated

Teaching Methods:

Power Points, Video PowerPoint Presentation and Quizzes