Review important finance concepts for the real estate exam with real estate exam tutor Maria Center.
Finance concepts covered include the loan application process, pre-approval letters, the loan process, appraisals, understanding loan-to-value (LTV) ratio, down payment, mortgage insurance, FHA, VA, and conventional loans,
In addition, points, amortization, origination fees, interest rate, PITI, liens, mortgages and deeds of trust, trustor, trustee, beneficiary, owner financing, seller carryback, bridge loans, and reverse mortgages are covered.
Federal laws such as Equal Credit Opportunity Act, Fair Credit Reporting Act, Truth in Lending Act (Regulation Z) and RESPA are covered and more.