There is no question that real estate professionals who possess knowledge of mortgage programs, qualifying criteria, credit reports, appraisals, and other mortgage-related issues are better equipped to help their clients with financing questions and concerns.
This ADRE approved real estate continuing education class reviews program features, down payment requirements, eligibility guidelines, and closing costs for the most common FHA, VA, USDA and conventional loans.
We will also discuss Good Faith Estimates and HUD-1 Settlement Statements, both of which can be confusing and overwhelming, especially to first-time home buyers.
A crash course on appraisals is also included with a review of the three approaches to value and a discussion on market value versus price. We also discuss ways that you, as a real estate agent, can assist an appraiser.
Last, but certainly not least, you will learn ways to assist buyers who do not currently qualify and thus bring more prospects to contract. That is what the “Mortgage Advantage” is all about.