Financing

Financing

Financing Sources
1. Commercial Banks
2. Savings & Loan Association
3. Mutual Savings Banks
4. Insurance Companies
5. Other Financing Sources
  1. Credit Union
  2. Mortgage Banking Companies
  3. Mortgage Brokers
Types of Financing Instruments
1. Mortgages
  1. Mortgagor
  2. Mortgagee
2. Deeds of Trust
  1. Trustor
  2. Beneficiary
  3. Trustee
Types of Loans
1. Conventional Loans
  1. Straight Loans
  2. Balloon Mortgage
  3. Amortized Loan
2. Federal Housing Administration (FHA) Loan
3. U.S. Department of Veteran Affairs (VA Loan)
4. Adjustable-Rate Loans
The Lending Process
1. The Loan Application and Related Documents
2. Secondary Markets
  1. The Federal National Mortgage Association (FNMA)
  2. The Government National Mortgage Association (GNMA)
  3. Federal Home Loan Mortgage Corporation (FHLMC)
The Real Estate Recession and Mortgage Fraud
1. Mortgage Fraud
2. Government Regulation
Preparation of Financing Instruments
1. Promissory Notes
  1. Maker
  2. Payee
2. Mortgages and Deeds of Trust

Zusammenfassung der Ressource

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