Real Estate Finance

This show began with an introduction to Government Loan Programs. The four broad areas of government loan programs e.g. FHA, VA, Cal Vet and other special purpose programs were discussed. The majority of the lecture covered the various FHA home loan programs e.g. 203b, 251, 203k and the role of Mutual Mortgage Insurance. Also, there was a short demonstration of the FHA "Nine steps to buying a home" portion of their web site.

This show continued by completing the lecture on FHA programs and discussed the fact that the HUD-92564-VC (Notice To The Lender) inspection form is not required to be completed by the real estate appraiser. Next, there was a discussion of Veterans Administration (VA) loan programs. Finally, there was an overview of the Cal Vet home loan program.

This show began with an introduction to Seller Financing/Creative Financing Programs. The types of financing programs discussed were seller carry back loans, loan assumptions and wrap-around/all-inclusive note and deeds of trust. The lecture also discussed the fact that these programs become more popular as the interest rates rise. There was also a great emphasis placed on the fact that real estate salespersons and brokers need to make sure that their clients fully understand the advantages, disadvantages, and potential liabilities of these types of financing programs.

This show continued by completing the lecture on the Cal Vet home loan program. Topics covered included Eligibility Requirements, fees, interest rates and how Mortgage Brokers can originate Cal Vet loans. Also, there was a demonstration of the Cal Vet web site that contained an overview of the materials on the web site. The last part of the show covered State-Sponsored Home loan programs which address first time buyers programs and people needing down payment assistance. Finally, there was a discussion of the services that the Sacramento Home Loan Counseling Center provides for low income home buyers and assistance for people that need to repair their credit.

This show continued the discussion of Seller Financing/Creative Financing Programs. The types of financing programs discussed were land contracts, lease options, exchanges, and equity sharing agreements. Again, there was a great emphasis placed on the fact that real estate salespersons and brokers need to make sure that their clients fully understand the advantages, disadvantages and potential liabilities of these types of financing programs.

This show continued the discussion of qualifying a Borrower for a real estate loan. Topics covered included sources income stability, assets, liabilities, net income, and forms used for calculating if a borrower has the income to qualify for the loan. Also, their was a demonstration of a web site that helps borrows understand the mortgage underwriting guidelines that will determine what their mortgage loan options are to purchase or refinance a home.

This show began with a discussion of qualifying a Borrower for a real estate loan. Topics covered included income stability, computing monthly earnings, employment history and how these factors are used in qualifying a borrower for a loan.

This shows guest was Jeff Webb who has been a Residential Real Estate Appraiser for over 25 years. During the show, Jeff discussed his real estate career, and how he goes about conducting a real estate appraisal. Also, he discussed the three approaches e.g. market, cost and income to real estate appraisal and how he uses them to determine the value of the property he is appraising.

This shows guest was Nancy Rich who is a Mortgage Banking Consultant with First Security Loan in Roseville, California. Nancy is also a board member of the Home Loan Counseling Center. Nancy has almost 30 years experience in the mortgage and real estate loan business. During the show, Nancy discussed the mission of the Home Loan Counseling Center which is to help first time buyers in the process of buying and financing a home.

The show covered appraising the property in other words Qualify the Property for the real estate loan. The three approaches e.g. market, cost and income were discussed, and how they are used to determine the value of the property.

This shows guest was Leigh Rutledge who is the President of the Sacramento Association of Realtors (SAR) for 2006. During the show, Leigh discussed her real estate career, her duties as President of (SAR) and the functions of the California Association of Realtors and the National Association of Realtors. Also, she discussed what her recommendations were for buyers and sellers in today’s real estate market.

The show covered Real Estate Finance Mathematics and how it is used in the financing process. Interest rate problems and the use of real estate loan tables were discussed.