M-UNIT 13 - TYPES OF MORTGAGES AND SOURCES OF FINANCING
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Description:
The various types of mortgages are presented in this unit, including adjustable rate, amortized, and FHA and VA mortgage loan programs. The process of qualifying for a mortgage and calculating qualifying ratios is also explained. The unit also describes the role of the secondary mortgage market and the major provisions of federal laws regarding fair credit and lending procedures.
