Course Confirmation

Financing, the practice of lending and borrowing money, is fundamental to the real estate business. If mortgage financing was not available, buyers would be required to pay cash for their homes. Few could afford to do that. The course has a practical focus: it explains the basic process of obtaining a loan to purchase a home, and discusses financing options available to home buyers.

The course covers finance and investments, federal fiscal and monetary policy, primary and secondary mortgage markets, mortgage industry components, a variety of financing instruments, the basic features of a residential loan, the financing process from shopping for to closing on a loan, qualifying buyers, qualifying properties, the basics of conventional financing, FHA-insured loans and their rules, VA-guaranteed loans and their rules, seller financing options, and fair lending and consumer protection laws.

This is a four-day, 30-hour course. It is Pennsylvania State Real Estate Commission-developed for 2 credits towards broker's license requirements. Depending on Commission requirements issued during any renewal cycle, it has the potential to fulfill up to 14 hours of mandatory continuing education for salesperson's or broker's license renewal.