Contact & Registration Information
Mainstreet Organization of REALTORS®
[email protected] or 630-324-8400

Course Description
Conventional, FHA, VA, USDA…What are these loans and how do they affect the buyer or seller? What are the myths and facts surrounding these loan types? This course will explore the most common types of loans used in real estate financing along with how assumptions, points and buydowns can increase affordability for buyers in a higher interest environment. Renovation and Mult-=unit Loans will also be discussed. Seller financing techniques such as land contracts and purchase money mortgages will be discussed as well. Learn how a lender uses qualifying ratios and other qualification factors and how to compute the approximate loan payment.