FRECI_13-8 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 13 – Lecture 8 Types of Mortgages and Sources of Financing Copyright, 2005 2 Lecture Preview What will you learn from this lecture? Identify the primary sources for real estate loans Distinguish between mortgage bankers and mortgage brokers Discuss the role of the Rural Housing Service Copyright, 2005 3 Vocabulary Terms None! Copyright, 2005 4 Primary Sources for Real Estate Loans Commercial banks Savings associations Mutual savings banks Credit unions Mortgage bankers Mortgage brokers Private sources Government sources Life insurance companies Copyright, 2005 5 Commercial Banks State or federally chartered (“NA” or “National” in the name if federal) Short-term business-related loans Short-term construction loans (residential and commercial) FHA, VA, and conventional loans Home equity loans Loan warehousing
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This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.

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FRECI_13-8 - Lecture Preview Florida Real Estate Commission...

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