Nontraditional and Alternative Finance in North Carolina
74
There are mortgage programs for nearly every borrower and lenders who specialize in providing those loans. This course describes the current standard loan called a traditional mortgage and then discusses the various nontraditional loan products and alternative (creative) financing that are available to borrowers. Many borrowers will qualify for and obtain a conventional mortgage to close the transaction. However, some borrowers and even the type of property may not qualify for traditional financing.
This course provides a review of traditional mortgages, discusses nontraditional conventional, FHA, and VA mortgages, and describes various types of alternative financing products. The Freddie Mac Home Possible and Fannie Mae HomeReady mortgage products are explained. The North Carolina affordable and workforce housing programs are covered, and the programs offered in Raleigh and Charlotte are introduced. Because state agencies and municipalities often finance their programs with bonds, there is a discussion of how bonds are used to finance real estate.
It is intended to enhance the knowledge and effectiveness of real estate licensees and is approved for 4 hours of continuing education.
This course provides a review of traditional mortgages, discusses nontraditional conventional, FHA, and VA mortgages, and describes various types of alternative financing products. The Freddie Mac Home Possible and Fannie Mae HomeReady mortgage products are explained. The North Carolina affordable and workforce housing programs are covered, and the programs offered in Raleigh and Charlotte are introduced. Because state agencies and municipalities often finance their programs with bonds, there is a discussion of how bonds are used to finance real estate.
It is intended to enhance the knowledge and effectiveness of real estate licensees and is approved for 4 hours of continuing education.