(GRI) Finance - Hosted by the Young Professionals Network (YPN)

WHEN: Tuesday | August 6, 2019 | 9:00 AM - 1:00 PM

WHERE: DMAR West Office | 950 Wadsworth Blvd. Lakewood, CO 80214

WHY: A ​key ​part ​of ​the ​real ​estate ​transaction ​is ​financing. ​In ​general, ​financing ​addresses ​the ​ways ​in ​which ​people, ​businesses, ​and ​organizations ​allocate ​and ​use ​monetary ​resources. ​Being ​aware ​of ​the ​latest ​developments ​in ​finance ​helps ​to ​clarify ​the ​economic ​status ​and ​affordability ​of ​the ​real ​estate ​market ​for ​clients. ​Understanding ​the ​fundamentals ​of ​mortgage ​finance ​is ​a ​key ​to ​a ​successful ​real ​estate ​sales ​business ​foundation ​and ​delivering ​invaluable ​services ​to ​consumers.

This ​course ​will ​provide ​participants ​with ​a ​better ​understanding ​of ​real ​estate ​finance.

Learning ​Objectives

  • Describe ​how ​the ​primary ​and ​secondary ​(including ​GSEs) ​mortgage ​markets ​and ​entities ​operate.
  • Demonstrate ​knowledge ​of ​the ​requirements ​and ​rules ​regarding ​VA ​loans, ​FHA-insured ​loans, ​and ​various ​conventional ​loan ​types.
  • Perform ​basic ​calculations ​for ​fixed ​and ​adjustable-rate ​mortgages ​to ​include ​qualifying ​ratios, ​down ​payment, ​monthly ​payment, ​PMI, ​principal, ​interest, ​MIP ​and ​discount ​points.
  • Determine ​when ​a ​client ​should ​be ​referred ​elsewhere ​for ​professional ​lending ​advice ​and ​processing.
  • Describe ​the ​requirements ​and ​processes ​of ​a ​reverse ​annuity ​mortgage.
  • Prepare ​a ​client ​for ​the ​three ​stages ​of ​the ​mortgage ​loan ​process.
  • Demonstrate ​a ​working ​knowledge ​of ​the ​credit ​scoring ​system.
  • Discover ​potentially ​fraudulent ​mortgage ​activity ​ 

Instructor:  Mike Moger

CE Credits: 4

Cost:  REALTOR® $50 | Non-REALTOR® $70

REGISTER HERE

An additional fee of $10.00 will be charged at the door for those not previously registered for the class.

DMAR Parking Policy: 

Please park in the designated lot Northeast of the office building on 10th Street.

Class Cancellation Policy:  

You must cancel 24 hours in advance to receive a refund less $10.00 in service fees.

This class is sponsored by: 

Stephen Griffin with Guaranteed Rate

Karen Hymen with 2-10 Home Buyers Warranty