Learn the critical components in qualifying or a loan, debt ratios, types of loans available, credit, and credit scores.  After completing this course, you will be able to compare popular loan programs, estimate closing costs, and more effectively pre-qualify buyers.

TIME	CONTENT		LEARNING OBJECTIVES After this segment, the student will be able to:
10 min	Basic elements in real estate finance		Demonstrate the importance of the appraisal, the borrower's credit, and the borrower's income when it comes to real estate financing.
20 min	Debt ratios		Calculate the different types of debt ratios and illustrate how each is used.
30 min	Types of loans		Compare and contrast the features of the following types of loans: Fixed rate loans, adjustable rate loans, fixed rate loans with balloons, one time adjustable loans, fixed to adjustable loans, convertibles, and graduated payment loans.
30 min	Credit		Determine how various events can affect a borrower's ability to obtain a mortgage loan, explain the process of credit scoring and how credit problems can be avoided or corrected.
40 min	Loan factors		Complete mathematical calculations related to mortgage loans, using loan factors.
20 min	Popular loan programs		Compare and contrast some popular loan programs on the market.
10 min	Lending sources		Compare the advantages and disadvantages of three lending sources.
10 min	Estimating closing costs		Calculate the estimated closing costs for different types of loans by using shortcut formulas.
10 min	Putting it all together		Complete a sample qualifying worksheet when working with buyers.